PetroWorth has provided the following update on operations at the 8-32 well in Ferrybank, Alberta, which was drilled in early 2007. PetroWorth has a 55% working interest in the well.
In late December 2008, the 8-32 well underwent a 20-tonne frac stimulation. The operator of the well has reported a post clean-up flow rate of more than 1.2 million cubic feet per day of natural gas at the end of a 48-hour test. The well is expected to be tied into to the local pipeline system in the near future. PetroWorth will provide more details on the Ferrybank 8-32 well after it is flowing to the gas sales point.
PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration drilling programs on these permitted properties, both in-house and through advantageous farm-in arrangements.
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