Fairchild Completes 5th Kerrobert Well

Fairchild International reports that the fifth well of its ten test oil well program on the Kerrobert properties has been completed. Well number five has been put into commercial production and is flowing at similar rates as the first four wells. Fairchild is encouraged that to date, the drill program has been under budget and the first five wells that have been completed have been above original expectations.

Fairchild International Corporation management says its participation in the oil production from the Kerrobert properties in Saskatchewan, Canada combined with the gas production from the four gas wells at East Corning in Tehama County, California, which is now 4 MMCFPD (million cubic feet per day), helps lay the foundation for the company to continue to build a producing energy enterprise and increase shareholder value.