SkyWest Energy Corp. ("SkyWest or the "Company") (TSX VENTURE:SKW) is pleased to
report the results of its 2nd Cardium horizontal well in the Willesden Green
area, Alberta.


The well was successfully stimulated with a 13-stage frac treatment and flowed
on clean-up for approximately 119 hours. Over a subsequent 48 hour production
test, the well flowed at 515 barrels of oil and liquids per day and 2.6 MMcf/d
of natural gas for a combined production rate of 948 BOE per day. To date
approximately 70% of the load oil has been recovered. The well is expected to
commence production in November, 2010. The Company has a 100.00% working
interest in this well.


In addition, SkyWest is currently drilling its 3rd Cardium horizontal (100%)
well in the Willesden Green area which is expected to be completed in the first
part of November, 2010.Drilling operations are also underway on our 4th Cardium
horizontal location in south Pembina. SkyWest has 2 drilling rigs contracted
until the end of the year to accelerate its drilling program.


SkyWest Energy Corp. is a Cardium focused exploration and production Company
based in Calgary, Alberta, Canada.


Statements herein that are not historical facts may be considered forward
looking statements including management's assessment of future plans and
operations, growth expectations within the Corporation, expected initial
production rates from certain new wells, timing of completion of wells and of
production additions, expected size of various plays, construction or expansion
of facilities and the timing thereof and expected costs and the effects thereof,
drilling plans and the effects thereof. 


Readers are cautioned that the foregoing list of factors and assumptions is not
exhaustive. Furthermore, the forward-looking statements contained in this news
release are made as at the date of this news release and SkyWest does not
undertake any obligation to update publicly or to revise any of the included
forward-looking statements, whether as a result of new information, future
events or otherwise, except as may be required by applicable securities laws.


BOEs

Disclosure provided herein in respect of barrels of oil equivalent (boe) may be
misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf:
1 Bbl is based on an energy equivalency conversion method primarily applicable
at the burner tip and does not represent a value equivalency at the wellhead


Skywest Energy Corp (TSXV:SKW)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024 Plus de graphiques de la Bourse Skywest Energy Corp
Skywest Energy Corp (TSXV:SKW)
Graphique Historique de l'Action
De Juil 2023 à Juil 2024 Plus de graphiques de la Bourse Skywest Energy Corp