Petrichor Elects to Participate in the Fracing of Horizontal at Darst Creek Field, Texas
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 04/25/12 -- Petrichor Energy Inc. (TSX VENTURE: PTP)(FRANKFURT: YQN) reports it has notified the Operator that it has elected to participate in the fracing and completion of the Ranft 2H well (reference News Release February 3, 27, and March 23, 2012) scheduled for May 2, 2012. A two-stage 21,000 bbl. water frac has been designed at the request of the technical partners by Pro-STM. This treatment procedure is commonly used with great success in Austin Chalk exploration within the Giddings Field; northeast Burleson County, Texas.
The Ranft 2H well is the first of two test horizontal laterals in each of the two vertical wells, which were previously drilled on the Darst Creek field. The Ranft lease is centrally located in an area of the Darst Creek field, which has seen successful completion and production of new oil wells utilizing the horizontal drilling technology.
ON BEHALF OF THE BOARD
Joe DeVries, Chief Executive Officer
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian provincial securities legislation (together, "forward-looking statements"). Forward-looking statements include, but are not limited to, statements with respect to the terms and conditions of, the completion of and the use of proceeds of the proposed transactions. Forward- looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Petrichor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Petrichor Energy Inc.
Joe DeVries
Chief Executive Officer
(604) 718-2800
(604) 718-2808 (FAX)
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Datum: 25.04.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 138929
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VANCOUVER, BRITISH COLUMBIA
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Oil & Gas
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