Entek Updates Ops in Niobrara Shale Oil Proj. Appraisal Program

Entek provided an update on the Niobrara Shale Oil Project Appraisal Program in the Green River Basin.

Battle Mountain 14-10L

The well has reached its total depth of 7,500 ft. Wire-line logs have been run and the well has been successfully cased and cemented ready for completion.

Preliminary interpretation of wire-line logs and correlation to offset wells show that the Niobrara section in this well contains significant potential pay zones (benches), as expected. In addition the Frontier Sandstone exhibits hydrocarbon saturation and is also being considered as a pay zone for fracture stimulation and completion.

The fracture stimulation program is currently being designed with Halliburton and is expected to start in August 2011.

The rig has been released and is currently mobilizing to the next location as the completion and fracture stimulation program is being designed for the Battle Mountain 14-10L well. Entek holds a 55% interest in the Green River Basin Joint Venture (GRBJV) with Emerald Oil & Gas NL holding 45%. Entek is the Operator. The GRBJV now controls close to 80,000 gross acres, approximately 60,000 net acres, covering the Niobrara Shale Oil Play.


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