Assure Energy Logs Pay in British Columbia
Assure Energy sees successful drilling results for the company's core properties in North East British Columbia. Assure drilled 2 new natural gas wells (net 1) and completed one well (net .5) drilled in the prior winter. The new wells encountered multi-zone production potential and flow tested gas in the Gething and Blue Sky formations. The third well also flow tested gas in the Gething formation and also encountered oil in a lower formation.
Assure is currently in the process of tying-in this new production which subject to weather conditions is anticipated by mid April following which the company can announce its initial production rates.
Harvey Lalach, President Assure Energy, Inc. stated, "In addition to drilling the 2 new wells we have expanded our land base buy acquiring additional land in the area to further develop this very exciting play. The new discoveries and the added lands are expected to significantly increase our cash flow this year and position us for continued growth in North East, B.C."
Assure is also pleased to announce the appointment of James Cassina as Chairman and director of Assure. Mr. Cassina brings to Assure 15 years of experience in corporate finance and executive positions in the energy sector.
- Assure Energy Logs Pay in British Columbia (Mar 10)
- Quarry Completes Winter Drilling Campaign in Canada (Mar 29)