MOUNT DAKOTA ENERGY CORP. : http://www.mountdakota.com/ : QwikReport

News Releases

#Fri Nov 29, 2002
New Well Completed

 Vancouver, B.C.- The Company is pleased to announce the completion of its sixth producing well called the Enchant. Tie-in of the Enchant Well to a third party production facility is expected to occur some time in January, after which a stabilized flow rate can be determined. The Enchant Well will produce both oil and solution gas from the Turner Valley formation . The company was carried for the cost of the drilling and casing completion of the Enchant Well, and will retain a 20% revenue interest. Follow up drilling locations may be possible on this location.

The Company has an inventory of over fifteen oil & gas leases that it has acquired over the past year in Alberta, with an average interest of 37% per lease. The Company is currently examining drilling targets with its partners on a number of these leases.


On Behalf of the Board
Mount Dakota Energy Corp.

"Gary Claytens"

Gary Claytens
President

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the contents of this news release
 
#Mon Apr 15, 2002
Reserve Report

 The Company is pleased to announce the results of a recently completed engineering report for the petroleum and natural gas reserves on its Garrington #1 and Garrington #2(West) horizontal wells both located west of Bowden, Alberta. The report gives the net present value of the proven developed producing and probable oil and gas reserves owned by Mount Dakota Energy Corp., in the above two wells as $5,059,000.

The Company will be completing reserve evaluations on its two newest wells, the Farrow #1, and the Lomond Well, in the next couple of months. Management is confident, based on the existing production rates of the Farrow #1 and the Lomond well, that the reserve value given to Mount Dakota's share of these two new wells will add significantly to its asset base.

The Company and its partners are anxiously awaiting the commencement of the Farrow #2 test well located approximately 2500 feet north of the Farrow #1 production well. The Farrow #2 well will test our geoscientist's theory that the channel sands the Farrow #1 well is currently producing from extend to the north. A positive result on the Farrow #2 test well will allow the potential for the drilling of numerous infill wells around, and between the Farrow #1 and Farrow #2 wells. Depending on the road restrictions during spring breakup, the company expects drilling of the Farrow #2 to begin in late May 2002.

On Behalf of the Board
Mount Dakota Energy Corp.

"Gary Claytens"

Gary Claytens
President

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the contents of this news release
 
#Mon Jan 28, 2002
Lomand Well Successful

 The Company is pleased to announce the successful completion of the Lomand well, the Company's fifth producing well. The Lomand, is a re-entry of an existing wellbore that has been perforated in the Basal Quartz strata. The Company's consulting geologist estimate this well to produce approximately 30 barrels of oil per day, plus natural gas of approximately 150,000 cubic feet per day. The 28 feet thick Basal Quartz Sandstone and the 640 acres covered by this lease should ensure an extremely long life for the Lomand well. The Company has a 20% undilutable working interest in this well and all land contained on this crown lease.

The Farrow Well located 65 miles southeast of Calgary, is undergoing final pump set-up. The well is more productive than originally expected with a single day record of 70 barrels of sweet crude. The Farrow is in the final process of cleaning out the original fracing sand and should stabilize once the well has been engineered to accommodate the frac sand. The Company has a 22.5% undilutable working interest in the Lomand.

On Behalf of the Board
Mount Dakota Energy Corp.

"Gary Claytens"

Gary Claytens
President



The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the contents of this news release
 
#Tue Nov 27, 2001
Farrow Well Successful

 Vancouver, B.C. - Further to our announcement on October 31st, 2001, the Company is pleased to report the successful completion of the Farrow Well located 70 miles south-east of Calgary, Alberta. The well was subject to a water/sand stimulation, which resulted in an excellent response from the Glauconite formation, and is now yielding an economic production rate. Pumping rods and a pump-jack have been installed on the Farrow Well to bring the sweet crude to the surface. Production rates are not available at this time, however, the well has produced over 80 barrels of oil during the swabbing process, and an additional 90 barrels of oil during the last few days as the pump-jack was started. The pump-jack and gathering system are currently shut down and undergoing insulation to address the extremely cold temperatures expected this winter.

The full size of the reservoir is also unknown at this time, although a neighboring well, producing from the same Glauconite formation, has produced over 55,000 barrels of oil in the past six years, and is maintaining a steady production rate with little decline. The company's consulting geologist believes that oil in place for this well, based on 40 acre spacing should be in the 500,000-barrel range, with recoverable oil of at least 55,000 barrels. The company and its partners have seven more spacing units on this property in which to drill, and all further spacing units are on trend with this Glaconite channel, as determined by 3D seismic which the company and its partners purchased for this property.

With the completion of the Farrow Well, the Company now has four separate producing wells in different oilfields providing a steady flow of income to fund further drilling on the numerous oil & gas properties in its inventory. The Company is continuing to negotiate with SJK Equity Ltd., on an investor relations program, that was previously announced, and will report on this proposed contract when able. For further information please call (604) 689-2454 or visit our web site at www.mountdakota.com.

On behalf of the Board


Gary Claytens
President

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the contents of this news release
 
#Wed Oct 31, 2001
Work Commenced on Farrow Well

 Vancouver, B.C.- The Company has commenced on the Farrow well, testing a Glauconite channel re-entry located about 70 miles south-east of Calgary, Alberta. The Company has a 22.5% working interest in the well and has utilized an existing wellbore complete with surface casing, and will test a known oil zone at depth. The success of the Farrow well could result in multiple wells being drilled on this property. The Company will announce results from the Farrow Well when available.

The Company also intends to participate in a 30% working interest in a test well in the Cherhill area of Alberta, located approximately 80 miles east of Edmonton. This property, recently acquired with other partners at the Crown sales in Alberta, will test an oil & gas zone in the Belly River Group. The company expects spudding of this Cherhill Well in early December.

The Company is pleased to announce that all three of its producing wells, the Siverson 1-X, the Garrington #1, and the Garrington #2, are maintaining steady production levels. The Garrington #2 well, has stabilized with the aid of a pump-jack to help lift the liquid components from this horizontal well. The Company is currently interpreting geologic and geophysical data on all of its recent land acquisitions, and will announce proposed drilling targets as they become known. The Company also wishes to announce that it will be entering into an investor relations program with SJK Equity Ltd., for a three-month test period, subject to renewal at the end of this period. Compensation for this investor relations service will be $10,000.00 per month. This agreement will be subject to the approval of the Canadian Venture Exchange.

ON BEHALF OF THE BOARD




Gary Claytens
President, Director


The Canadian Venture Exchange has not reviewed and does not accept responsibility for adequacy and accuracy of the contents of this news release
 

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