Weidai Ltd C.WEI

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West Isle buys 1,600 acres in Drayton Valley/Pembina 2005-04-26 19:17 ET - News Release Mr. Robert McLeay reports WEST ISLE CLOSES ACQUISITION OF PEMBINA ACREAGE West Isle Energy Inc. has purchased 1,600 acres in the Drayton Valley/ Pembina area of Alberta. West Isle has picked five locations on the purchased lands for natural gas targeting the basal Belly River, the Edmonton sands and the Paskapoo sands. All wells are in close proximity to existing deeper Cardium wells, which provide excellent well control. Typical offsetting gas wells have been assigned reserves of approximately one billion cubic feet per section per horizon and West Isle has targeted locations with multiple prospect horizons. West Isle also has an option on an additional 960 acres which are currently under review for future drilling locations. It is West Isle's intent to see this prospect drilled in the second to third quarter of 2005, following regulatory approval and agreements with adjacent landholders. West Isle holds a 66-per-cent-to-90-per-cent working interest in the lands. West Isle participated in a Slave Point completion in Evi in Northern Alberta in April, 2005, and the well is flowing at approximately 15 metres per day of light oil. West Isle has a 3.1-per-cent working interest in this well and in two producing Granite Wash oil wells in Evi. Through the purchase of the assets of 1020653 Alberta Ltd., in February of 2005, West Isle acquired an interest called the Burlington joint ventures 83, 84, 85 and 86, which consists of small working interests in 69.6 net oil wells in Alberta and Saskatchewan. Burlington has informed West Isle of its intent to drill multiple horizontal oil wells in Saskatchewan over part of the lands covered under this joint venture and West Isle has elected to participate.