Georox Resources Inc. - Coteau Lake, Saskatchewan update
Friday, Feb 15, 2013KELOWNA, BC, Feb. 14, 2013 /CNW/ - Further to the news release of Nov 27th, 2012 regarding the second horizontal well on the Coteau Lake, southeastern Saskatchewan prospect namely 4C8-10-2D4-10-1-20W4, spudded on November 23rd and was rig released on December 12th, 2012.
Completion operations began on Dec 14th and testing was completed on February 13th, 2013. The well encountered high volumes of water and operations have been suspended pending further Geological & Geophysical reviews.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved nor disapproved the information contained herein.
The swab test rate expressed above is for a 7.5 hour period, extrapolated to a 24 hour period for the relevant well. Any references in this press release to production/performance rates are useful in confirming the presence of hydrocarbons, however, such rates are not determinative of the rates at which such well will continue production and its decline thereafter or ultimate recoverable resources. While encouraging, readers are cautioned not to place reliance on such rate in calculating the production for the well or Corporation.
SOURCE Georox Resources Inc.
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