Armada well resumes production08:00 26Jul11 MKW-Bowood Announces ERCB Approval of Good Production Practice at Armada 02-01-017-19W4 Oil Well <BWD.V>
Marketwire
Bowood Energy Inc.
July 26, 2011 - 09:00:00 AM
Bowood Announces ERCB Approval of Good Production Practice at Armada
02-01-017-19W4 Oil Well
CALGARY, ALBERTA--(Marketwire - July 26, 2011) -
THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S.
PERSONS.
Bowood Energy Inc. ("Bowood" or the "Company") (TSX VENTURE:BWD) is pleased to
announce that the Energy Resources Conservation Board ("ERCB") has approved
Bowood's application for Good Production Practice ("GPP") for a previously
announced oil well at Armada (2-01-17-19w4). The well was shut in on April 19,
2011 after reaching the end of its new oil well production period ("NOWPP") in
which ERCB regulations allowed it to produce approximately 15,000 bbls of oil
from January 2011 through April 2011. With the GPP approval now in place, the
well is able to resume production without regulatory restriction. Prior to
being shut in, the well was flowing at a rate of 170 bbls of oil per day (60
bopd net). The Company's working interest in the well is 35%.