Bellatrix Exploration Drills Ahead at Cardium Play



Bellatrix Exploration updated the results of its 1Q drilling and completion of a new horizontal well in the month of March in West Central Alberta.

To date in the first quarter of 2010, Bellatrix has drilled and completed 11 gross wells (6.01 net) and the Company is currently drilling 1 gross well (0.85 net) at Ferrier (Notikewin horizontal) and 1 gross well (1 net) at West Pembina (Cardium horizontal).

On the Cardium play in West Central Alberta, the Company is drilling their seventh gross well (5.46 net). These wells were drilled and are being drilled at Willesden Green, Lodgepole, West Pembina, and Norbuck.

The Company reports that its most recent operated Cardium well at Willesden Green (0.71 net ) was successfully stimulated utilizing the multi-stage fracturing technique. After all of the load oil was recovered, the well was flowing at 735 barrels of oil per day and a natural gas rate of 1.05 mmcf/d for a combined production rate of 910 boe/d.

At Lodgepole, the Company's second 100% W.I. well was drilled and completed, and placed on stream in mid February at an initial production rate of 375 boe/d.

The Company is currently drilling a 100% W.I. well at West Pembina that we anticipate being tied in before spring break up. A second non operated well (0.5 net) has been completed and is currently recovering load fluid.


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