23:20:56 EDT Sun 28 Apr 2024
Enter Symbol
or Name
USA
CA



Wellstar Energy Corp (3)
Symbol WSE
Shares Issued 16,137,768
Close 2015-09-24 C$ 0.08
Market Cap C$ 1,291,021
Recent Sedar Documents

ORIGINAL: WellStar Energy Announces Successful Recompletion in Southeastern Saskatchewan

2015-09-29 08:44 ET - News Release

Calgary, Alberta--(Newsfile Corp. - September 29, 2015) - WELLSTAR ENERGY CORP. (TSXV: WSE) ("WellStar", or the "Company") announced today that after 4 days of testing, it has achieved production results of approximately 60 barrels of oil per day of light sweet crude from the Winnipeg Sand recompletion program at its McTaggart property in southeastern Saskatchewan.

WellStar proceeded with the recompletion of the Winnipeg Sand formation by fracture stimulating a portion of the original formation which was completed in the spring of 2000. The well originally produced over 70 Mstb until it was suspended in mid-2006, in order to recomplete the wellbore in the up hole Red River formation. The Company is operator and owns a 100% WI (BPO) in this well.

WellStar President and CEO Andrew H. Rees stated "We are very pleased with the results from this work program as it more than doubles the Company's net production rate. Management will now look at opportunities to optimize recovery from the Winnipeg Sand pool which could include drilling a horizontal well."

For further information please contact Andrew H Rees at (403) 919-7900.

ON BEHALF OF THE BOARD

(signed) "Andrew H. Rees"
Andrew H. Rees
President and Chief Executive Officer

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.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company. Readers are cautioned not to place undue reliance on forward looking statements.

© 2024 Canjex Publishing Ltd. All rights reserved.