News. couple new wells. Alexander Energy Ltd. Announces a New Potential Detrital Sand Oilwell at 7-7-56-26W4 and the Spudding of a Step-Out Well at 12-12-56-27W4
CALGARY, ALBERTA--(Marketwire - March 19, 2013) - Alexander Energy Ltd. (TSX VENTURE:ALX), ("Alexander" or the "Company") announces that it has drilled and cased the 03/7-7-56-26W4 development well as a potential Detrital sand oilwell. The Company is operator and has a 79 percent working interest in the well. The well is an easterly step-out in the Company's Detrital C oilpool.
The Company will immediately complete and test the well. It is anticipated that the well will be tied-in to our existing gathering system, with production expected to commence in April, 2013.
On March 18, 2013 the Company spud the 12-12-56-27W4 well. The well is a westerly step-out targeting the Detrital C oilpool. Drilling is expected to take 6 days.