CALGARY, Feb. 15, 2013 /CNW/ - Teine Energy Ltd. ("Teine" or the "Company") today announced that on January 31, 2013 it closed a transaction
whereby it acquired Viking light oil assets in the Kerrobert area of
Southwest Saskatchewan (the "Property Acquisition"). The Property Acquisition added 22,000 net acres of land believed to be
prospective for over 250 horizontal Viking oil drilling locations to
the Company's core position in the Greater Dodsland Viking play.
Teine has been one of the most active drillers in the Central West
Saskatchewan Viking play having drilled more than 250 horizontal oil
wells. Teine is also one of the largest land owners in the Central
West Saskatchewan Viking play with an undeveloped horizontal drilling
inventory in excess of 2,000 locations. In January 2013, Teine
produced more than 6,700 barrels of oil equivalent per day (85% light
sweet crude). The Company is majority owned by the Canada Pension Plan
About Teine Energy Ltd.
Teine Energy Ltd. is a private Canadian oil and gas exploration and
development company. Teine's focus is to find and develop high netback,
large hydrocarbon in place properties within the Western Canadian
Sedimentary Basin. For more information about Teine, please visit www.teine-energy.com.
SOURCE: Teine Energy Ltd.