Kallisto announced two property transactions at its Crossfield, Alberta Viking oil project:
Upon closing of the second transaction, Kallisto's land position at Crossfield will be approximately 30 net sections that is prospective for
The Company also announced that its first Crossfield, Alberta well has been drilled, cased and prepared for completion. The well is a horizontal well targeting the Viking formation and is expected to be completed with up to 11 multi-stage fracture stimulations. Completion operations are expected to commence within the next two weeks. The horizontal well is offsetting a vertical well which was completed in the Viking zone and produced approximately 13,700 barrels of light sweet oil with very low gas and water production. Kallisto has a 50% interest in the well, the first of its planned 5 well Crossfield Viking drilling program in which the Company will participate during 2010.
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