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Pennant Energy Inc PENFF



GREY:PENFF - Post by User

Post by chumpismeon Sep 28, 2011 9:19am
130 Views
Post# 19092260

NEWS...Pennant operator drills Bigstone well to 3,

NEWS...Pennant operator drills Bigstone well to 3,

Pennant operator drills Bigstone well to 3,818 m TD

2011-09-28 08:26 ET - News Release

Also News Release (C-BBI) Blackbird Energy Inc
Also News Release (C-DEI) Donnybrook Energy Inc

Mr. Thomas Yingling reports

PENNANT ENERGY INC.: BIGSTONE FIELD, MONTNEY HORIZONTAL WELL DRILLED TO 3818M TD

Pennant Energy Inc. has been informed by the operator, Donnybrook Energy Inc. of Calgary, that on Sept. 19, 2011, the Bigstone test well drilling operations had been completed and the drilling rig was released. The Test Well was drilled vertically to the Montney formation from surface location 00/03-29-060-22W5/00 and then horizontal to a total measured depth of 3,818 meters, terminating at the projected bottom hole location 00/14-29-060-22W5/00. A twelve stage frac completion string has been set in place along the 1254 meter well lateral (horizontal portion) leg in preparation for frac operations. The Bigstone well was drilled within the timeframe and cost estimate of the operators AFE forecast budget Donnybrook has informed Pennant that it has secured a contract for a completion rig and frac crew for the middle of October.

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