CALGARY, Nov. 27 /CNW/ - NORTHERN SUN EXPLORATION COMPANY INC. (the
"Company") is pleased to announce its exploration and capital expenditure
program for Alberta and Saskatchewan. The exploration program includes up to
nine exploration wells consisting of a combination of oil and gas test wells
to be drilled, complete and tested immediately on its properties in Alberta
The Company and its 50% working interest partner are scheduled to drill a
2250 meter Leduc gas test at 1-23-87-6-W6 as a follow-up to its successful oil
and gas test well at 11-23-87-6-W6 drilled in September of this year. The
multi-zone oil and gas prospect was spudded in the early morning of
November 26th, and is expected to reach total depth within the next 2 weeks.
Upon success, the well will be tied-in to the existing pipeline and gas will
be directed to nearby third party facility for gas sales.
The Company is scheduled to drill 2 gas wells and 1 oil well near
Grouard. The gas wells are multi-zone targets that will be drilled to a depth
of 850 meters, with the first well scheduled to be spudded today. Successful
gas wells will be tied-in to a nearby company pipeline and together with the
company's other existing stranded gas wells, will form the basis and provide
economics for a gathering project which would see the currently stranded gas,
and any new volumes, become tied-in to the local gas co-op so the wells can
produce near their full capacity. The Company has a 70% to 100% working
interest in the gas wells. The Company expects to spud a 100% working interest
oil well in early December and provided it produces at an economic rate,
production will be trucked to a terminal approximately 25 miles away.
The Company will be drilling 2-3 exploration wells in early December to
test the prospect. The Company will pay 100% of all costs to earn a 65%
working interest. Information with respect to these wells will be released as
the results come available.
The Company will participate in drilling a 700 meter multi-zone gas test
well. The deal requires payment of 55% of all costs associated with bringing
the well into production to earn a 50% working interest. A successful gas well
will be tied-in into an existing pipeline approximately 50 meters away.
The Company has drilled its 100% working interest multi-zone gas test
well on its property in the Supreme / Arena area of southwest Saskatchewan.
The well was drilled to a depth of 1050 meters and will be tied-in to an
existing gas pipeline upon a successful well test period. The well is
scheduled to be tested in early December.
Northern Sun is an Alberta-based exploration and production company with
operations in Alberta, Saskatchewan and the North West Territories.
ON BEHALF OF THE BOARD OF DIRECTORS OF
NORTHERN SUN EXPLORATION COMPANY INC.
President & CEO
This release includes certain statements that may be deemed
"Forward-looking statements". All statements in this release that address
future production, reserve potentials or exploration drilling, are
forward-looking statements. Investors are cautioned that any such statements
are not guarantees of future performance and that actual results or
developments may differ materially from those projected in the forward-looking
statements. The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the contents of this news
For further information:
For further information: please contact the Company toll-free at (866)
827-2722, via email at firstname.lastname@example.org, or visit the Company website at