Contact Exploration reports that the Contact MBA Gautreau F-59-2328 well (previously referred
to as the Contact-MBA Dover No. 101) has been drilled to the planned total
depth of 564 meters. Electric logs were run to assist in identifying
prospective horizons and production casing has been cemented to the total
depth. During drilling, the well could not be adequately tested as planned due
to hydrocarbon inflow. The production casing that has been run will allow the
zones to be individually completed and adequately tested. As in the well that
was being twinned, several hydrocarbon zones were encountered that warrant
completion and testing which will be carried out as soon as suitable equipment
can be sourced.
MBA Energy Corporation, a wholly owned subsidiary of MBA Gold Corp.
(TSX-V:MBA ("MBA")) is paying 100% of the drilling and completion costs of the
well to earn a 50% working interest in the three-section prospect.