International Western Petroleum Announces Preparation to Drill First Well of 4-Well Programme, Bend Arch Lion A, Texas
(Thomson Reuters ONE) -
International Western Petroleum
("IWPO" or "The Company")
International Western Petroleum Announces Preparation to Drill First Well of 4-
Well Programme, Bend Arch Lion A, Texas
18(th )November 2013, London, UK - International Western Petroleum Corporation
(Ticker: IWPO), the GXG-listed oil & gas exploration and production company with
operations in Texas, is pleased to announce the start of a four well drilling
programme on the prolific Bend Arch Lion Lease, Central West Texas.
IWPO has permitted the first four oil wells to be drilled one after another on
the Bend Arch Lion Lease, which totals 777.5 acres. With the four wells
permitted and the drilling pads already being built, the Company intends to
drill each of the four wells to a total depth of approximately 4,700 feet. In
addition, IWPO expects to encounter a total of five different pay zones in one
well bore.
President & CEO Ross Ramsey stated, "Our staff and myself couldn't be more
excited to get the drilling started. We have already put the stakes in the
ground at each actual drilling location. Our geology team has studied the Bend
Arch Lion Lease in and out, from Hydrocarbon imaging, 2D seismic, 3D seismic,
sub surface geology, and third party reserve analysis of this land is showing
very positive faulting with trapped hydrocarbons. With 5 million barrels in
reserve we can't help but get excited. The drilling will start in early
December. IWPO is proud to be drilling in the historic Bend Arch Region of
Texas."
IWPO's Chairman Dr. Benjamin Tran also commented, "To date, we have partially
completed the fund raising for this $2.13 million dollar project and due to a
high enthusiasm of oil and gas investors who actually visited our producing oil
field, we expect to complete the raise by end of December."
About International Western Petroleum Corporation:
International Western Petroleum Corporation (GXG: IWPO) is a global oil & gas
company specializing in exploration and lease acquisitions with a focus on North
America. IWPO boasts a world-class team of petroleum engineers, scientists,
geologists, and global marketers serving major oil & gas companies worldwide.
For more information, please visit the corporate website: www.iwpetro.com
Contact:
Lionsgate Communications
Jonathan Charles / Jessica Johnson
info(at)lionsgatecomms.com
T: +44 (0) 20 3697 1209
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: International Western Petroleum Corporation via Thomson Reuters ONE
[HUG#1743715]
Unternehmensinformation / Kurzprofil:
Datum: 18.11.2013 - 09:00 Uhr
Sprache: Deutsch
News-ID 317439
Anzahl Zeichen: 3294
contact information:
Town:
Moncton
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 212 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"International Western Petroleum Announces Preparation to Drill First Well of 4-Well Programme, Bend Arch Lion A, Texas"
steht unter der journalistisch-redaktionellen Verantwortung von
International Western Petroleum Corporation (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
