Global Leader in International Oil and Gas Industry News

posted in:

Contact Exploration announces Kakwa operations update and filing of results for the quarter ended September 30, 2012

Thursday, Nov 29, 2012

CALGARY, Nov. 28, 2012 /CNW/ - Contact Exploration Inc. ("Contact" or the "Company") (TSXV: CEX) is pleased to announce that all third party agreements required to enable the Company to commence production of natural gas and condensate from the Company's 13-17-63-5W6 well are now in place, such that production from this well is expected to begin in early December 2012. The sale of the production from this initial well at Kakwa is expected to have a material positive impact on the Company's monthly cash flow from operating activities.

Contact is also pleased to report that it has filed its unaudited Condensed Interim Consolidated Financial Statements for the three and six month periods ended September 30, 2012, and the related Management's Discussion and Analysis, on

About Contact Exploration Inc.

Contact Exploration Inc. is a public oil and gas company which has a long-term history of operating in Atlantic Canada and has recently demonstrated success in Alberta's liquids-rich Montney Formation tight gas play. For more information, please see the Company's website:

SOURCE Contact Exploration Inc.

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Oil & Gas News

Gastar Exploration begins drilling new well in Utica Shale 17-04-2014
Osiris Projects nearing completion of the ambitious works on the subsea cabling project which will help deliver fast, fibre optic broadband to the H 17-04-2014
Corlena Oil Company II, LLC to sell horizontal Texas Panhandle properties 17-04-2014
Xylem’s Godwin pumps restore critical operations at flooded oil refinery in Argentina 17-04-2014
TXON Partners, LLC to sell North Texas oil properties 17-04-2014
Samson Oil & Gas operational advisory 17-04-2014
Shell announces Malaysia deep-water gas discovery 17-04-2014
Canadian Natural Resources Limited Announces Discovered Presence of Light Oil/Hydrocarbons Offshore Cote d'Ivoire 17-04-2014
Samson Oil & Gas announces equity placement 17-04-2014
Gazprom and Gasunie emphasize long-term nature of strategic partnership 17-04-2014