'Archer-Wildlands #1' Well Completion Begins.TUCSON, Ariz. -- Fidelis Energy Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : FDEI FDEI Fluor Daniel Eurasia, Inc. (Moscow, Russia) ), today is pleased to announce that the completion program at the "Archer-Wildlands #1" gas well has begun. The completion rig arrived at the North Franklin Project site yesterday. The perforation per·fo·ra·tion n. 1. The act of perforating or the state of being perforated. 2. An abnormal opening in a hollow organ or viscus, as one made by rupture or injury. Perforation A hole. of the Winters gas pay zone will be done tomorrow, Aug. 3, following which, the well will be flow tested and tied in to the existing gas pipeline infrastructure. The operation is estimated to take three to four days. After the well is tied in, Fidelis will have two producing gas wells in the North Franklin reservoir. On Monday, the PGE-Citygate gas pricing from North Franklin production was quoted at $7.14 per Mcf. Fidelis has posted recent photos of the North Franklin Project in the "Photo Gallery" section of the Web site. These include drilling of the "Archer-Wildlands #1" well and the production facilities at the "Archer-Whitney #1" well location. These pictures can be viewed at www.fidelisenergy.com. About Fidelis Energy Inc. Based in Tucson, Ariz., Fidelis Energy is an oil and gas company dedicated to solving North America's complex energy problems. Fidelis Energy identifies, acquires and develops working interest percentages in smaller, underdeveloped oil and gas projects in California, Canada, and other promising locales that do not meet the requirements of larger producers and developers. Through the use of modern development techniques such as horizontal drilling and 3-D seismic, the company enhances production from underdeveloped and underutilized projects, as it pursues oil and gas production throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Fidelis Energy Inc. has little or no control. For more information, please visit our Web site at www.FidelisEnergy.com, or contact: Investor Relations Investor relations The process by which the corporation communicates with its investors. 888-894-3334 (Contact: William Marshall William Marshall is a name shared by several people:
|
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion