"Wolfman #1" Access Roads Complete and Well Site Prep in Final Stages
17 Juin 2013 - 3:07PM
Access Wire
June 14,
2013 - Vancouver, British Columbia - Terra Nova Energy Ltd. (TSXV:
TGC) ("Terra
Nova") is pleased to report that
access roads leading to the Wolfman #1 drill location on Petroleum
Exploration License ("PEL") 112 are complete. Extensive drill site
preparation has also taken place to receive the drill rig in late
June. Construction of the sump, flare pit, "turkey's nest" (water
reservoir), truck ramp and lease sub-level have been finalized and
work on the Wolfman camp pad
is expected to be
finished on or before June 20, 2013.
To View Wolman #1 drill site,
image, please click here
The Wolfman #1
exploration well will be drilled vertically 1,720 meters (5,600
feet) and is expected to take approximately 10 days to reach Total
Depth. The well, which targets the Namur Sandstone in a dip-closed
structure, is scheduled to spud in early July 2013.
Terra Nova
also reports that it completed line preparation, surveying and
pegging on PEL 444's Wingman 3D Seismic Survey as of June 10, 2013.
The recording phase of the Wingman Survey is expected to begin on
or about June 18, 2013.
About Terra Nova Energy Ltd.
Terra
Nova Energy Ltd. is an oil and gas company with a right to acquire
up to a 55% working interest in two onshore petroleum exploration
licenses ("PELs"), being PEL 112 and PEL 444, located on the
western flank of the Cooper Eromanga Basin in the State of South
Australia, Australia. Its common shares trade on the TSX Venture
Exchange under the symbol "TGC".
For more information
please contact:
Terra Nova Energy Ltd.
Nico
Civelli
VP Finance
+41 44 217 4804
civelli@niconsult.ch
Forward looking information
This
news release contains forward-looking information relating to Terra
Nova's intentions to conduct the seismic program and subsequent
drilling programs and other statements that are not historical
facts. Such forward-looking information is subject to important
risks and uncertainties that could cause actual results to differ
materially from what is currently expected, for example: risks
related to oil and gas exploration, development, exploitation,
production, marketing and transportation, loss of markets,
volatility of commodity prices, currency fluctuations, competition
from other producers, inability to retain drilling rigs and other
services, reliance on key personnel, and insurance risks. In making
such forward-looking statements, Terra Nova has relied upon certain
assumptions relating to geological settings, commodity prices, the
stability of markets and currencies, the availability of capital,
and Terra Nova's ability to continue with the seismic and drilling
programs. You should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. While Terra Nova may elect to, Terra Nova is under no
obligation and does not undertake to update this information at any
particular time, except as required by applicable securities
law.
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.
Terra Nova Energy Ltd. (TSXV:TGC)
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