WIND RIVER ANNOUNCES PRODUCTION AND SALE OF NATURAL GAS
. TSX-V: WVR
VANCOUVER, Oct 12 /CNW/ - Wind River Energy Corp. Wind River Energy Corp. (TSX.V: WVR) ("Wind River") is pleased to announce that on September 21, 2010, its Federal #1-17 well in its Day Butte Project was put into production at an initial daily rate of 295 thousand cubic feet of natural gas per day (MCFD). The well is producing natural gas from perforations in six zones that were previously completed by a prior operator. Wind River plans to open up one of six additional zones that are in the existing wellbore, but have not yet been completed for production, once production from the existing perforated zones stabilizes.
Wind River has substantially upgraded the surface production facilities at the well site, including the addition of a new gas-oil-water separator and dehydrator, winterization of all facilities and the installation of new flow lines. This surface facility will be available for use by additional wells that Wind River is planning to drill on the same lease in the future. Gas from the well is being marketed by Enserco Energy Inc., a subsidiary of Black Hills Corp. (NYSE: BKH), through gas gathering facilities and the Lost Cabin gas plant owned and maintained by Anadarko Petroleum Corporation (NYSE: APC).
"I am pleased that we were able to get to production so quickly. The production from this well will give us key indicators of the production we could develop out of additional wells in our Day Butte lease," said Alan O'Hare, Vice President and COO of Wind River Energy.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
Certain information in this news release is forward-looking within the meaning of certain securities laws, and is subject to important risks, uncertainties and assumptions. This forward-looking information includes, among other things, information with respect to the Company's beliefs, plans, expectations, anticipations, estimates and intentions. The words "may", "could", "should", "would", "suspect", "outlook", "believe", "anticipate", "estimate", "expect", "intend", "plan", "target" and similar words and expressions are used to identify forward-looking information. The forward-looking statements in this press release include that Wind River plans to open up one of six additional zones that are currently behind pipe, that the surface facility will be available for use by additional wells, that Wind River is planning to drill additional wells on the same lease in the future and that the production from the current well will give Wind River key indicators of the production that it could develop out of additional wells on the Day Butte lease. The forward-looking information in this news release describes the Company's expectations as of the date of this news release. The results or events anticipated or predicted in such forward-looking information may differ materially from actual results or events. Material factors which could cause actual results or events to differ materially from a conclusion, forecast or projection in such forward-looking information include, among others, risks arising from general economic conditions and adverse industry events. The Company cautions that the foregoing list of material factors is not exhaustive. When relying on forward-looking information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. The Company has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION ON AT ANY PARTICULAR TIME.
For further information:
Paul Cox,
Director Wind River Energy Corp.
1040-609 Granville Street
Vancouver, BC V7Y 1G5
T: (604) 689-0037
F: (604) 926-5806
E: [email protected]
Share this article