TSX Venture Exchange Symbol: DES
CALGARY, Dec. 10 /CNW/ - Desmarais Energy Corporation (TSXV: DES) (the "Corporation" or "Desmarais") announces that the
Corporation has received a pipeline licence to proceed with the tie-in
of a significant well drilled and evaluated in September/October 2010.
Drilled and equipped at no cost to Desmarais, the well was the second
well to be drilled on anomalies identified with 3-D seismic shot by
Desmarais. The joint venture drilling program is expected to continue
in early 2011.
The Corporation has an inventory of 5 additional wells to re-activate
following minor work-overs, and 1 well to evaluate which is standing
cased. In all these wells, Desmarais has high working interests and
operatorship. The Corporation will continue to report on the progress
of these operations on a timely basis as we build toward a balanced
portfolio of natural gas and oil prospects, and generate significant
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
Advisory: This press release may contains certain forward-looking
statements within the meaning of applicable securities laws. The use
of any of the words "expect", "anticipate", "continue", "estimate",
"may", "will", "project", "should", "believe", "plans", "intends" and
similar expressions are intended to identify forward looking
statements. Since forward-looking statements address future events and
conditions, by their very nature they involve inherent risks and
uncertainties. The forward looking statements contained in this press
release are made as of the date hereof and Desmarais undertakes no
obligation to update publicly or revise any forward looking statements
or information, unless so required by applicable securities laws.
SOURCE Desmarais Energy Corporation
For further information: For further information:
James G. Long, President
Desmarais Energy Corporation
Tel: (403) 265-8007 / Fax: (403) 264-7076