CALGARY, May 11 /CNW/ - Highpine Oil & Gas Limited (TSX: HPX) ("Highpine"
or the "Company") provides the following update with respect to a deep test
well in which the Company is participating in the Tay River area in the
foothills of Alberta (the "Test Well").
The Test Well, located at 16-27-35-11W5M, has been drilled to a measured
depth of 5,420 metres (5,246 metres true vertical depth) and logging
operations have been completed. The primary target, a Leduc reef formation,
was not present in the Test Well. The operator intends to abandon the open
hole portion of the Test Well and set a cement plug across the base of the
intermediate casing to enable future evaluation of one zone of potential
interest that flowed natural gas during the drilling operations. Highpine has
earned a 25% working interest in the Test Well, Section 27-35-11W5M and ten
(10) additional contiguous sections of land.
Highpine is a Calgary-based oil and natural gas company engaged in
exploration for and the acquisition, development and production of natural gas
and crude oil in western Canada. Highpine's current exploration and
development efforts are focused in the West Pembina Nisku and West Central
Alberta Gas Fairway, both located in Central Alberta. The Company's class "A"
common shares trade on the Toronto Stock Exchange under the symbol "HPX".
The Toronto Stock Exchange has neither approved nor disapproved the
information contained herein.
For further information:
For further information: Jonathan A. Lexier, President and Chief
Executive Officer, Tel: (403) 508-9550, firstname.lastname@example.org; Chuck Buckley,
Senior Vice President, Exploration, Tel: (403) 508-9535,
email@example.com; Fax: (403) 508-9503, Website: