News Release Operational UpdateA few issues with drilling
PRESS RELEASE
Sept. 16, 2013, 6:31 a.m. EDT
PRD Energy Announces Operational Update
CALGARY, ALBERTA, Sep 16, 2013 (Marketwired via COMTEX) -- PRD Energy Inc. ("PRD" or the "Company") CA:PRD -4.55% announced an operational update for the drilling of the Boerger 7A well.
After setting a whipstock at 660m, PRD encountered directional drilling challenges in soft sediments requiring changes to the well plan. The decision has now been made to mill the existing casing, set the whipstock point at approximately 1,200m and then drill to a depth of approximately 2,024m followed by a 400m horizontal leg. Operations to remove the existing whipstock will commence the week of September 16 whereafter plans to complete the balance of the program will be finalized.
The information gained to date on this first program will prove valuable to the Company's future drill design and operations on its other blocks in Germany.
About PRD Energy
PRD Energy Inc. is a Calgary based oil and gas company engaged in the exploration, development and acquisition of, natural gas and crude oil, in Germany. All activities of the Company in Germany are undertaken by its wholly-owned subsidiary, PRD Energy GmbH. PRD's common shares are listed on the TSX Venture Exchange with the symbol "PRD".