West Energy announces Mannville oil pool discovery



    
    /NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION
    IN THE UNITED STATES/
    

    CALGARY, Sept. 11 /CNW/ - West Energy Ltd.("West") (TSX: WTL) announces
the success of its recent shallow light oil drilling program in the Crossfire,
Alberta area. Four 1,800 meter wells were drilled (WTL 100% W.I.) in the
Mannville program, resulting in the identification and initial delineation of
an undersaturated sweet light oil pool (31 degrees API). The pool size has
been established by material balance calculations using pressures obtain from
the discovery and delineation wells. This pool size has additionally been
confirmed using volumetric calculations. A best estimate value of 8.3 million
barrels of discovered petroleum initially-in-place has been determined by GLJ
Petroleum Consultants Ltd. West estimates that three million bbls of oil are
recoverable (WTL W.I. 100%) on a primary and secondary (waterflood) basis.
    The discovery well drilled last September at 02/11-3-50-6W5 targeted
bypassed pay identified on logs while drilling a Nisku water injection well at
the same location. Since January this Mannville well has produced at a
restricted Maximum Rate Limitation of 60 barrels per day of oil with no water
and minor associated sweet gas. West has applied to the Energy Resources
Conservation Board (ERCB) to increase the discovery well's maximum allowable
to 125 bbls per days which is below its estimated capability of 200 bbls per
day. Further production increases are expected upon approval of a Good
Production Practice (GPP) application and implementation of a waterflood
project for the pool.
    Recently West drilled three delineation wells to determine the size of
the pool. The well at 15-3-50-6W5 tested at 150 barrels per day and is tied in
and producing to West's Crossfire oil battery. The well at 6-3-50-6W5 was
successfully completed in the Mannville zone and may be used as a water
injection well. The fourth well at 7-03-50-6W5 did not encounter the Mannville
sand and can be used as a water source well for the waterflood project. Three
additional Mannville vertical wells will be drilled in the new pool during the
next four months.
    West has extensive 3D seismic data covering its 148,000 gross acres
(77,000 net acres) of land holdings in the Pembina area. An additional five
sections of prospective Mannville lands were acquired along a similar seismic
trend. West believes part of its Crossfire lands have Cardium oil resource
potential and has spudded its first horizontal Cardium oil test well (W.I.
36%). The economics of the emerging Cardium resource play are enhanced by the
Company's Alberta crown royalty drilling credits. The Company plans to drill
at least four horizontal Cardium oil wells in the area by year end.

    Reader's Advisory:
    Certain information regarding West Energy Ltd. in this news release
including management's assessment of the future plans and operations and their
timing may constitute forward-looking statements under applicable securities
laws and necessarily involve risks including, without limitation, risks
associated with oil and gas exploration, development, exploitation,
production, marketing and transportation, changes to the proposed royalty
regime prior to implementation and thereafter, loss of markets, volatility of
commodity prices, currency fluctuations, imprecision of reserve estimates,
environmental risks, competition from other producers, inability to retain
drilling rigs and other services, incorrect assessment of the value of
acquisitions, failure to realize the anticipated benefits of acquisitions,
delays resulting from or inability to obtain required regulatory approvals and
ability to access sufficient capital from internal and external sources. As a
consequence, actual results may differ materially from those anticipated in
the forward-looking statements. Readers are cautioned that the foregoing list
of factors is not exhaustive. Additional information on these and other
factors that were applied in drawing a conclusion or making a forecast or
projection as reflected in the forward-looking information and that could
cause actual results to differ materially from those anticipated in the
forward-looking statements are included in reports on file with Canadian
securities regulatory authorities and may be accessed through the SEDAR
website (www.sedar.com) or at the Corporation's website (www.westenergy.ca).
Furthermore, the forward-looking statements contained in this news release are
made as of the date of this news release and the Corporation does not
undertake any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.





For further information:

For further information: Ken McCagherty, President and Chief Executive
Officer, Email: mccagherty@westenergy.ca, Direct Phone: (403) 716-3458; Scott
Bridge, Vice President Finance and Chief Financial Officer, Email:
sbridge@westenergy.ca, Direct Phone: (403) 716-3457

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