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Sure Energy announces natural gas discovery |
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Written by Newswire
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CALGARY, AB - Sure Energy Inc. announced last week that it has made a significant sweet dual zone natural gas discovery in the Peace River Arch area of Alberta. The 100% working interest well production flow tested for eight days at a combined stabilized rate of 3.5 MMcf/d from two separate zones.
Operations are currently underway to tie the well in by mid January 2010. This discovery well is anticipated to commence production at a rate of 2.0 MMcf/d (335 BOE/d) net to the Company. This well qualifies for the Alberta Government Drilling Tax Credit of $200 a meter and a reduced government crown royalty of 5% on the first year's production. With this well on production, Sure Energy's corporate production will increase to over 1,000 BOE/d.
For further information visit www.sureenergyinc.com
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