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Unitech Energy announces commencement of the completion of its NE British Columbia Keg River test well
CALGARY, Dec. 14 /CNW/ - Unitech Energy Resources Inc. ("Unitech") (TSXV: URX) is pleased to anno...
About this update from Decimus Oil Corp.
[{"type":"text","content":"\n\n\n\nCALGARY, Dec. 14 /CNW/ - Unitech Energy Resources Inc. ("Unitech") (TSXV:\nURX) is pleased to announce that the operator of its Keg River prospect in NE\nBritish Columbia has notified Unitech that completion of the test well (the\n"Well") has commenced. The operator has stated that the intention is to\nproceed to completion as quickly as possible and that the completion may occur\nprior to December 31, 2007, depending on availability of equipment. The Well\nwas drilled and cased in the spring of 2007 to within approximately 50 metres\nof the target Keg River formation.\n\n\nUnitech has the right to earn up to an additional approximate 23% working\ninterest in the prospect, which if fully exercised and combined with Unitech's\ncurrent working interest, could achieve a combined working interest of\napproximately 31% in this high impact prospect.\n\n\n3-D seismic interpretation indicates a structure believed to be similar\nto the nearby YoYo and Sierra fields, which have produced more that 2 TCF\ncombined, and where numerous single wells have produced in excess of 40 BCF.\n\n\nAbout Unitech Energy Resources Inc.\n\n\nUnitech uses its proprietary image analysis and pattern recognition\nsystem, called Leadscan, for a 'first look advantage' that drives Unitech's\nexploration strategy. Please visit Unitech's website at www.leadscan.ca.\nShares of Unitech are listed for trading on the TSX Venture Exchange under the\nsymbol URX.\n\n\nExcept for statements of historical fact, this news release contains\ncertain "forward-looking information" within the meaning of applicable\nsecurities law. Forward-looking information is frequently characterized by\nwords such as "plan", "expect", "project", "intend", "believe", "anticipate",\n"estimate" and other similar words, or statements that certain events or\nconditions "may" or "will" occur. Forward-looking statements are based on the\nopinions and estimates of management at the date the statements are made, and\nare subject to a variety of risks and uncertainties and other factors that\ncould cause actual events or results to differ materially from those\nanticipated in the forward-looking statements, which include but are not\nlimited to risks inherent in the oil and gas...