TSXV:PTR.H - Post by User
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jrk8888on Nov 02, 2009 3:14pm
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Post# 16445129
RE: RE: Terrawest spuds 3 cbm wells...
RE: RE: Terrawest spuds 3 cbm wells...The board (the “Board”) of directors (the “Directors”) of Enviro Energy International HoldingsLimited (the “Company”) is pleased to announce that TerraWest Energy Corp. (“TWE”), an indirectnon wholly-owned subsidiary of the Company, has commenced drilling activity on the Liuhuanggou
Project (the “Project”) in Xinjiang, China on 5 October 2009. The drilling contractor spudded wellLHG 09-01 on 5 October 2009, well LHG 09-02 on 7 October 2009 and well LHG 09-03 on 13
October 2009 at locations identified during the geological reconnaissance survey completed in June
2009. The wells will each have a total depth of up to 850 metres and a full program of core sampling
and analysis is planned.
Project management of the drilling and sampling is provided by Norwest Corporation of Calgary,
Canada supported by local professionals and technicians. All drilling and support services are
provided by local Xinjiang contractors.
TWE’s petroleum engineer assisted by a local drilling engineering team will also undertake prepiloting
work by re-initiating a gas flow test at well LHG 08-01 on the Project. Various wellsite
production equipment and services for the test are being provided by local Xinjiang contractors.
TWE and China United Coalbed Methane Corp., Ltd hold an interest of 47% and 53%, respectively, in
the production sharing contract (the “PSC”) dated 30 December 2005, the administration of which hasrecently been transferred to PetroChina Coalbed Methane Company Ltd. Under the terms of the PSC,
TWE has the right to explore for, develop, produce and sell coalbed methane which is defined as gas
stored in certain Jurassic geological formations to a depth of 1,500 metres.
By Order of the Board
Enviro Energy International Holdings Limited
Chan Wing Him Kenny
Chairman and Chief Executive Officer
Hong Kong, 27 October 2009