CALGARY, Aug. 29 /CNW/ - NORTHERN SUN EXPLORATION COMPANY INC. (the
"Company") is pleased to announce the discovery of a new oil and gas pool on
the Company's joint venture property at Worsley, Alberta. The Company's 50%
working interest exploration test well was drilled to a depth of 2,255 meters
encountering hydrocarbons in five separate and distinct zones.
The Company has tested an upper portion of the Leduc zone encountering
gas and associated liquids which indicate that the well should initially
produce at a rate of 2 million cubic feet per day (1 million cubic feet per
day or 166 barrels of oil equivalent per day) net to Northern Sun. The Company
believes the well will continue to produce at this rate for approximately
3 months before it stabilizes at a declined rate at which time the Company
will perforate an additional Leduc interval which the Company believes will
adequately supplement production. A 600 meter pipeline tie-in to a third party
facility is currently underway and the Company has been notified by the third
party operator that there will be no restrictions on gas production.
The Company will test the lower Leduc oil zone at a later date to avoid
damaging the existing reservoir from which it will begin producing in 10 to
14 days. The additional four zones will be tested when the Leduc has been
The results of this well have validated four additional prospective
targets previously mapped by the Company. Provided the discovery well produces
as expected, the Company with its partner will establish an exploration plan.
Upon production commencement of this well, total Company production will
be approximately 240 boed.
ON BEHALF OF THE BOARD OF DIRECTORS OF NORTHERN SUN EXPLORATION COMPANY
President & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this
For further information:
For further information: Chris Cooper, toll-free at (866) 827-2722, via
email at email@example.com, or visit the Company website at