10:54:12 EDT Thu 25 Apr 2024
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Nexera Energy Inc
Symbol NGY
Shares Issued 23,606,891
Close 2021-01-22 C$ 0.08
Market Cap C$ 1,888,551
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Nexera to start drilling second well at Wooden Horse

2021-01-22 14:15 ET - News Release

Mr. Shelby Beattie reports

NEXERA TO DRILL PATRIOT #2 WELL AT WOODEN HORSE

Nexera Energy Inc. has completed drilling the Huebinger E1 well at the company's Wooden Horse project in south Texas. The well has been cased and is being equipped to begin production testing. Huebinger E1 was drilled in partnership with Alliance Petroleum Interests, of Dallas, Tex., whereby Alliance pays 100 per cent of the costs to drill and complete the well and Nexera retains 25 per cent of its interest at no cost to the company. Nexera and Alliance are now moving forward with drilling a second well at Wooden Horse.

Additionally, the company reported that testing operations continue to progress at the recently drilled Stockdale Horizon 1H well. Currently, the company is limited to daylight hours testing. During the testing intervals to date the well has consistently flowed back load/kill fluids, oil and gas at rates in excess of one million cubic feet per day at approximately 1,500 psi. Further information will be provided as it becomes available.

About Nexera Energy Inc.

Nexera Energy is an energy company with oil producing properties in southwest Texas. Nexera is the owner and operator of the Lavernia, Wooden Horse and Nash Creek projects. Additionally, the company owns and operates various working interests in the HugoCellR, Cotulla and MarPat partnerships. The company also owns 75 per cent of Production Resources Inc., a south Texas oil company.

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