Mr. Tom Crain reports

TANAGER ENERGY ANNOUNCES SUCCESS WITH JOFFRE WELL

Following the installation of the artificial lift (pumpjack) on Tanager Energy Inc.'s Joffre well (see Tanager's May 3, 2016, news release) that occurred in May, 2016, the well has averaged over 34 barrels of oil per day for 94 days during the months of July through the first two weeks of November, 2016. The well was shut in for all of May and June due to lack of a power source. Over the last few months, the well has been shut in periodically due to hydraulic jack repairs, electrical tie-in, pipeline blockage, replacing pipelines and bringing the facilities up to regulatory compliance by COGI, its contract operator. Tanager has also reduced its operating costs by approximately $6,000 per month by the removal of the generator and overseeing the lease operating expenses.

Tom M. Crain Jr., interim chairman of the board and chief executive officer of Tanager, stated: "We are extremely pleased with the increase in production, revenues, reduction in lease operating expenses and overall performance of the Joffre well. We will continue to work on improving performance of our hydraulic jack to eliminate periodic and extended shutdowns, and should see a significant increase in revenue and production in the future. The success of the Joffre well confirms the oil leg has moved up in the reservoir, and the reservoir pressure has increased to near original pressure due to the strong water drive from below the oil leg. We are evaluating future recompletions, new drilling opportunities and have acquired 3-D data to help us define our future development."

Tanager Energy is an oil and gas and mineral exploration company headquartered in Calgary, Alta.

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