CALGARY, June 18 /CNW/ - (TSX Venture: EX.A, EX.B) Exceed Energy Inc.
("Exceed" or the "Company") announces that it has begun production at its
4-17-47-10W5M Lodgepole well. Production began on June 14, 2008, at a gas rate
of 5 mmcf/d and a condensate rate of 380 bbls/d. Exceed has a 15 percent
working interest in the well. The Company's current production is estimated at
Exceed has two additional wells awaiting tie in the Radway area that were
drilled this winter. We expect these wells to begin production in July 2008.
The company plans to drill one well (0.5 net) and conduct a re-entry (1.0 net)
in central Alberta in the coming months. The Company is developing numerous
other high impact prospects that are scheduled to be drill in the third and
fourth quarter of 2008.
Mr. Greg Tyszko, who joined the Company as Vice President of Exploration
in December of 2007, has been appointed as an Officer of the Company effective
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
This release may contain forward-looking statements including
expectations of future production, cash flow and earnings. These statements
are based on current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ. Additional
information on these and other factors that could affect Exceed's operations
or financial results are included in Exceed's reports on file with Canadian
securities regulatory authorities that may be accessed at www.sedar.com.
For further information:
For further information: Exceed Energy Inc., Richard Wolfli, President
and CEO, Telephone: (403) 508-1852, Facsimile: (403) 508-1781