San Telmo Energy Commences Drilling on Nisku prospect

San Telmo Energy will commence drilling of its high-impact Nisku prospect later this week. The prospect, which is located in Alberta's prolific West Pembina area, is a Nisku Pinnacle Reef identified through proprietary seismic data. As the operator, San Telmo will test the Nisku formation to a target depth of 3,025 meters (10,000 feet).

San Telmo is also scheduling to drill its Gordondale prospect during the current quarter. The site, held 100% by San Telmo, is currently being surveyed in preparation for drilling. The immediate area hosts a number of multi-zone producing wells. A pool similar to San Telmo's Gordondale target has to date produced 140,000 barrels of oil and 1 billion cubic feet of gas from two wells.