Post by
toasted101 on Sep 19, 2011 10:00am
Primera Energy to drill four wells in block WD-4
Primera Energy to drill four wells in block WD-4TickerSymbol: C:PTTShares Issued 57,114,750Monday September 19 2011 - News Release Mr. Geoffrey Leid reportsPrimera Energy Resources Ltd. is continuing its 2011 drilling campaign with the commencement of a four-well drilling program in block WD-4.PS 266RD, the first of three wells targeting Upper and Lower Forest formations, has been spud and will be drilled to a total depth of 5,450 feet to recover reserves lost in the original legacy wells. This will be followed by PS174RD which will be drilled to a total depth of 5,100 feet and PS 111RD which will be targeting the underexploited Cruse formation and will be drilled to a total depth of 6,900 feet.The fourth well in the program will be an infill/replacement well to PS 125, designed to further exploit reserves in the Upper and Lower Forest formations in the area. All necessary regulatory and other approvals for these wells have been obtained.We seek Safe Harbor.