RE: it's comingWed Nov 30, 2011
Pennant's Second Montney Horizontal Well Spud at Bigstone
Vancouver, B.C., Nov. 30, 2011 -- Thomas Yingling, President of Pennant Energy Inc. (
TSX.V-PEN) announces, pursuant to our November 18, 2011 press release, it has been informed by the operator, Donnybrook Energy Inc, that the DEI Bigstone Hz 15-32-60-22 W5M well (25% working interest to Pennant) drilling operations commenced on November 25, 2011. The drilling prognosis calls for the well to be drilled to a total measured depth of approximately 5,150 meters from surface location 3-29-60-22W5, cased and prepared for completion and fracing operations (or abandoned). The operator estimates the well take 35 days to drill and case. The DEI Bigstone Hz 15-32 well has a planned 2,500 metre +/- horizontal section.
By accelerating the drilling program Pennant and its partners are working toward having 3 wells drilled completed and tied in by the end of the winter drilling season. Thomas Yingling President of Pennant Energy Inc. stated, " Once these first Bigstone wells are on stream it will add significantly to our current production base and overall understanding of the Bigstone prospects potential."
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https://www.pennantenergy.com/s/NewsReleases.asp?ReportID=493733&_Type=News-Releases&_Title=Pennants-Second-Montney-Horizontal-Well-Spud-at-Bigstone