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Carmen Energy Inc. announces abandonment of Hamburg area, Alberta well

CALGARY, March 22, 2012 /CNW/ - Carmen Energy Inc. (TSXV: CEI) (" Carmen " or the " Corpora...

articleCassiar Gold CorpMarch 22, 20125/company/cassiar-gold/news/carmen-energy-inc-announces-abandonment-of-hamburg-area-alberta-well
Carmen Energy Inc. announces abandonment of Hamburg area, Alberta well

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[{"type":"text","content":"\n\n\n\n\n\nCALGARY, March 22, 2012 /CNW/ - Carmen Energy Inc. (TSXV: CEI) (\"Carmen\" or the \"Corporation\") announces that the Hamburg area, Alberta well reached the targeted\n total depth and the operator has initiated abandonment of the primary\n target zone, the Slave Point. The well has been cased to surface to\n evaluate the potential of up hole zones. The rig will be moved off the\n lease prior to spring breakup and any secondary objective testing will\n be conducted next winter.\n\n\nAbout Carmen Energy Inc.: Carmen is based in Calgary, Alberta and a publicly traded oil and gas\n exploration and production company. The focus is on exploration and\n development of Western Canadian Sedimentary Basin based oil and gas\n properties. The current projects are the Jumpbush properties in south\n eastern Alberta, the Ferrybank properties in central Alberta, the\n Sylvan Lake area properties in Southern Alberta and the Hamburg\n properties in northern western Alberta.\n\n\nNeither the TSX Venture Exchange nor its Regulation Services Provider\n (as that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this press\n release.\n\n\nFORWARD LOOKING INFORMATION\n\n\nCertain information in this news release is forward-looking within the\n meaning of certain securities laws, and is subject to important risks,\n uncertainties and assumptions. This forward-looking information\n includes, among other things, the ability of the operator to move the\n rig off the lease prior to spring breakup, the testing of secondary\n objectives and information with respect to the Corporation's beliefs,\n plans, expectations, anticipations, estimates and intentions and the\n activities of the Corporation.  The words \"may\", \"could\", \"should\",\n \"would\", \"suspect\", \"outlook\", \"believe\", \"anticipate\", \"estimate\",\n \"expect\", \"intend\", \"plan\", \"target\" and similar words and expressions\n are used to identify forward-looking information. . The forward-looking information in this news release describes the\n Corporation's expectations as of the date of this news release.\n\n\nThe results or events anticipated or predicted in such forward-looking\n information may differ materially from actual results or events. \n Material factors which could cause actual resu...

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