Poplar Point Energy Inc. provides operational update


    CALGARY, Nov. 15 /CNW/ - Poplar Point Energy Inc. (the "Corporation") is
pleased to announce the following drilling activity update.
    The Corporation recently completed a five-well drilling program focused
in a contiguous area targeting the Edmonton Sands formations. The Corporation
achieved a 100% success rate, drilling and casing all five wells successfully.
The Corporation was the operator for all five wells.
    Additionally, the Corporation has participated for its 20% working
interest in a new well drilled by Hunt Oil Company of Canada ("Hunt"). It is
unknown when Hunt will complete and tie-in this well to bring it into
    This brings the Corporation's total well count in this contiguous area to
nine. The Corporation has submitted the appropriate applications to the Energy
and Utilities Board ("EUB") to drill additional wells on this existing land in
order to further enhance production and recovery of hydrocarbons. Once the
applications have been approved, the Corporation will be allowed to drill up
to nine additional wells on these existing lands.
    "It is important that we have been given the opportunity to showcase our
Edmonton Sands expertise. This is our current focus and we feel we are
currently a leader in the area. Our strategy of focusing on superior quality -
not necessarily quantity - is expected to result in these wells being superior
to most other Edmonton Sands wells in terms of production and reserves," said
Brad Nichol, President and CEO of the Corporation.
    Completion activities will commence when weather permits and it is
expected that all wells will be hydraulically fractured and tied-in to newly
upgraded surface facilities. It is expected that all five wells will be
tied-in and producing by year end.

    %SEDAR: 00010719E

For further information:

For further information: Brad Nichol, President & Chief Executive
Officer of the Corporation, at (403) 532-2411

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890