Westchester Announces Successful Completion and Testing of Initial Manitoba Well.TORONTO -- Westchester Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:WSR WSR Weather Surveillance Radar WSR West Somerset Railway WSR Weather Service Radar WSR Wirtschafts- und Sozialwissenschaftliches Rechenzentrum (Vienna, Austria) WSR Waverly-Shell Rock (Waverly, IA school system) ) - - 16-10 well tests 332 barrels of oil per day - Completes drilling of second well and retains rig for a third well - Increases land position in Manitoba Westchester Resources Inc. (TSX VENTURE:WSR) today announced that it has been informed by its operator that testing of the first well in the Daley Field in Manitoba is complete. The 16 -10 well (located on the 16-10-009-28W1M lease) was drilled to measured depth of approximately 1600 meters. The horizontal leg was drilled in the Middle Daly section of the Lodgepole formation. The well was swab tested and encountered an initial production rate of 332 barrels of oil per day. Gas rates were minimal. The well will be temporarily shut-in pending the culmination of the immediate drilling program and the construction of the surface gathering facilities. Drilling operations on the second well, the 10 -30 well, located on the 10 - 30 - 009 - 28W1M lease have been completed. Completion and testing of the 10-30 well will begin later in the week. The drilling rig will be moved to the 02/16-10 -14- 11- 9-28W1M lease to drill an additional horizontal well near the 16-10 well site. The wells utilized horizontal drilling a drilling machine having a horizontal drill spindle. See also: Horizontal techniques to explore three potential zones: the Middle Daly Member and the Cruickshank Crinoidal Member in the Lodgepole formation and the underlying Bakken formation. Horizontal drilling has been used successfully in these type structures to enhance production and recovery rates. The well locations are within an area that has established production. Westchester also announced that two additional leases in the Daley Field totaling 440 acres have been acquired through a Crown Land sale. With the addition of the two new leases, Westchester now holds a 50 percent interest in a total of 7 leases totaling approximately 2200 acres in the area. Consulting geologists A geologist is a contributor to the science of geology. Geologists are also known as earth scientists or geoscientists. The following is a list of famous or notable geologists. and engineers estimate that approximately 25 additional drill targets are contained within the acreage. Westchester owns a 50 percent working interest in each well through its Joint Venture Agreement with Aspen aspen, in botany aspen: see willow. Aspen, city, United States Aspen (ăs`pən), city (1990 pop. 5,049), alt. 7,850 ft (2,390 m), seat of Pitkin co., S central Colo. Group Resources Corporation (TSX:ASR (Automatic Speech Recognition) Using voice recognition to replace keypad entry for telephone voice menus. Typically used to speak the digits 0 through 9 insted of keying them, ASR systems may be able to recognize a limited vocabulary. See voice recognition and AVSR. ). Aspen is the operator on each well. Westchester Resources Inc. is an independent oil and gas exploration company. Westchester's operations are focused in Western Canada
Western Canada, commonly referred to as the West and the US. The Company's shares trade on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol "WSR". Forward Looking Statements - Certain information regarding Westchester and Aspen set forth in this news release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Westchester's control, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of reserve estimates, currency fluctuations and exploration risk. In addition, there can be no assurance that the flow rate estimated herein can be maintained with the testing conducted. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise im·pre·cise adj. Not precise. im  pre·cise ly adv. and, as such, undue reliance should not be placed on forward-looking statements. The TSX VENTURE EXCHANGE has neither approved nor disapproved the contents of this press release. Westchester Resources Inc. (TSX VENTURE:WSR) |
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