Tango Logs Pay in Cecilia and Ansell Areas in Alberta

Tango Energy reports that in the Cecilia area the company has recently participated for a 30.5% working interest in a multi-zone development well. The 8-10-58-23W5M well has tested 700 mcf/d ( 120 boepd ) from the Cadomin formation and in excess of 3.5 mmcf/d ( 585 boepd ) from two Gething channel sands. Currently the uphole Dunvegan formation is being fracture stimulated. Tango has identified 5 additional locations on lands it currently owns offsetting this well, where it holds between 30.5% and 50.0% working interest in 1,280 acres of land.

On the exploration front, Tango has successfully re-entered the 16-14-50-18W5M wellbore and has discovered a new gas pool in the Ansell area. The 16-14 well is currently undergoing an extended production test from the Viking formation. Tango plans to immediately drill offsetting this well to evaluate a number of additional zones which are also prospective in this area. Tango has 80% working interest in 2,560 acres of land offsetting this discovery.
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