Anglo Canadian Releases Rig from Shane Well

Anglo Canadian has released the drilling rig on its Shane 7-11 well after drilling to a total depth of 2650m. A horizontal leg of approximately 1240m was reached and the horizontal wellbore was cased with a multistage fracing and acidizing assembly in order to fully exploit the fractured limestone, shale and dolomitic lenses encountered in the "Nordegg Member" shale formation.

We anticipate that completion work consisting of, but not limited too, swabbing, acidizing, and multi-stage fracturing will commence this week on Shane 7-11.

The drilling rig is moving to Anglo Sturgeon Lake South 15-10 and drilling is expected to be completed within 3 weeks. The well will be cored, logged and evaluated to determine if suitable for a horizontal wellbore.