Blue Water Petroleum Corp. : Blue Water Petroleum Corp. Completes Drilling of Water Well
(Thomson Reuters ONE) -
OTCQB/BERLIN: BWPC
Centennial, Colorado -- August 2, 2013 -- Blue Water Petroleum Corp. (the
"Company", "we", "us" or "our") announced that they have completed drilling on
the # 11-22 Tribal well in Big Horn County, Montana. The well was re-entered and
deepened to a depth of 1,014' and completed as a water source well for the Blue
Water Project. The water will be produced from the Madison Formation, and
initial testing indicates the well is capable of producing 65 gallons per minute
(65 gpm). The project is scheduled to produce shallow oil by injection of steam
that will drive oil to surrounding production wells.
Earlier this year Blue Water Petroleum Corp's operating company received a UIC
injection permit from the EPA Region 8 that allows for production of oil by
steam injection. When production operations begin all produced water from the
project will be re-purified and recycled. Locating a source of water at the
Blue Water production site is a vital component of the Company's plan to produce
oil by means of steam injection.
Blue Water Petroleum Corp.
Contact: Ellis Martin
6025 S. Quebec, Suite 100 Telephone:
1-888-498-8880
Centennial, Colorado 80111
Email: ir(at)bwpet.com
About Blue Water Petroleum Corp.
Blue Water Petroleum Corp. is an oil and gas company that has an agreement to
develop shallow oil resources on up to 12,979 leased acres in southeastern
Montana. For further information please contact Ellis Martin at 1-888-498-8880.
This press release contains forward-looking statements about the Company and its
business, plans, expectations and intentions. Forward looking statements are
statements that are not historical facts and include, but are not limited to,
statements about the Company's drill plans, expected results and future success.
The forward-looking statements in this press release are subject to various
risks, uncertainties and other factors that could cause the Company's actual
results or achievements to differ materially from those expressed in or implied
by forward looking statements. These risks, uncertainties and other factors are
identified in the Company's filings with the United States Securities and
Exchange Commission.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Blue Water Petroleum Corp. via Thomson Reuters ONE
[HUG#1721512]
Datum: 06.08.2013 - 18:31 Uhr
Sprache: Deutsch
News-ID 285187
Anzahl Zeichen: 3090
contact information:
Town:
Centennial
Kategorie:
Business News
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