VANCOUVER, June 11 /CNW/ - Lexacal Investment Corp. (TSX-V:LIC). Lexacal
Investment Corp. is pleased to announce that its wholly-owned subsidiary, New
West Drilling Fluids Inc. of Calgary, Alberta ("New West"), will commence a
multi-well Athabasca Oilsands Drilling Operation for Petro-Canada, project
name MRX, in Ft. McKay on Friday, June 15, 2007.
New West will be utilizing its patented BITUDRIL Drilling Fluids System
and will provide all drilling fluids engineering and supervision for the
The project consists of 40 horizontal well pairs and one horizontal
re-entry for a total of 81 horizontal wells with measured depths of
approximately 1,250m and horizontal sections approximately 800m in length. The
project is scheduled for 18 months with approximate gross revenue of
$3,800,000.00 CDN to New West.
New West is a full service drilling fluids company to the oil and gas
industry in Western Canada. Its products and services are unique to industry
because they are developed to address client specific problems in drilling,
completions and work-overs. New West's products maximize efficiency while
minimizing costs and environmental impact.
On behalf of the Board of Directors,
LEXACAL INVESTMENT CORP.
A. JOSEPH SCARLETT
President, New West Drilling Fluids Inc.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Richard Collens, Telephone: (403) 303-2665