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PRESS RELEASE (for immediate release) Date: February 09, 2006 Page 1 of 1 TSXV Symbol: M
EMM Energy Inc. Operations update
EMM Energy Inc. (EMM) completed construction of the pipeline to tie-in the EMM Worsley 7-21-87-5W6 well and the well commenced production prior to year end. Currently the Worsley well is producing approximately 1 mmcf/d of gas and 15 bpd of condensate. EMM has a 64% working interest in this well
EMM Energy Inc. (EMM) was informed by the Ricinus well operator that the start up of the Ricinus 11-17-35-8W5M well has been delayed for pipeline modifications. Projected start up is now mid to late March 2006. EMM holds a royalty interest before payout and a 20% working interest after payout in the Ricinus well. Continuation of the Leduc rights in leases totaling 2560 gross acres (Net 512 acres) was confirmed by Alberta Energy. Solution gas at the Carrot Creek battery was tied during January and the Carrot Creek 14-08-52-12W5 well will be reactivated in February adding a net 15 boe/d.
Planned activities for the second quarter of 2006 include a five well re-entry program in the Marwayne heavy oil play and the re-entry of an abandoned gas well in the Queenstown area. The re-entry programs are expected to add a net 40 boe/d.
EMM’s current estimated production is 210 boe/d.
EMM Energy Inc. is a junior oil and gas production company operating in Western Canada. EMM trades on the TSX Venture Exchange under the symbol M.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. For further information please contact: Brian Boulton, President Ph: (403) 213-3339 Fax: (403) 264-1365