Drilling SoonVancouver, British Columbia CANADA, Sep 15, 2011 (Filing Services Canadavia COMTEX) --Wind River Energy Corp. (WVR - TSX Venture)("Wind River" or the"Company") announces that it has signed a drilling contract with CapStarDrilling, Inc. of Casper, Wyoming for the drilling of the Cornwell#1-14 well, the initial Phat City Prospect test well. Drilling isexpected to commence in mid- September.
The Cornwell #1-14 well will be drilled to evaluate pay in the DevonianNisku formation at a location in Section 14, Township 30 North, Range 38East, Valley County, Montana. Drilling depth to the targeted intervalin the initial test well is projected at 5,500 feet. The Cornwell #1-14well is located just 200 feet away from a well drilled in 1952 by GulfOil called the #1 R.L. Cornwell that Wind River management believesfound potentially productive oil pay in the Nisku.
Wind River has a 70.3125% interest in 46,543 acres in the Phat CityProspect. The Phat City Prospect is located in Valley County ofnortheastern Montana near the town of Glasgow. The prospect is a"by-passed pay" prospect targeting 45o API gravity Devonian Nisku lightoil. The central premise of the prospect is that two wells drilled inthe early 1950s, prior to the recognition of the Nisku play by industry,have identified oil pay in the Nisku that remains to be developed.
"Once we commence drilling, it will take about ten days to drill to ananhydrite zone located directly above our Nisku objective and setintermediate casing," stated Alan O'Hare, COO of Wind River. "Whencasing is set and cemented, we will release the CapStar rig. One to twoweeks later we intend to set up a completion rig and drill into theNisku pay zone using an underbalanced mineral oil system that willprevent damage and therefore optimize productivity of the formation.This operation generally takes only a few days and will provide us animmediate indication of whether the Nisku is oil-bearing. If the Niskuis oil-bearing, we believe the oil will flow to the surface due to thepredicted formation pressure."