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Zodiac Exploration Inc. Provides Update on Operations
Zodiac Exploration Inc. Provides Update on Operations Calgary, Alberta CANADA, May 01, 2013 ...
About this update from Sintana Energy Inc.
[{"type":"text","content":"\nZodiac Exploration Inc. Provides Update on Operations\n\nZodiac Exploration Inc. Provides Update on Operations\nCalgary, Alberta CANADA, May 01, 2013 /FSC/ - Zodiac Exploration Inc. (ZEX - TSX Venture), (\"Zodiac\" or the \"Company\") is pleased to provide the following update on the drilling of the Aera - Mortgage 881D-15  well  (the \"Aera Mortgage Well\") on the Company's Mortgage block in the San Joaquin basin, California: \nThe Company was advised on April 29, 2013 by Aera Energy LLC (\"Aera\") that the Aera Mortgage Well successfully reached its final vertical depth of 15,362 feet and electric evaluation logs have been run.  Subsequently, Aera has informed Zodiac, which supports the decision that the Aera Mortgage Well be temporarily suspended and remain on a tight-hole status.  Aera has further advised that it will make a decision in due course on drilling the horizontal well section, as required by the farmout agreement between Zodiac and Aera dated October 2013 (the \"Farmout Agreement\").\nAbout Zodiac \nZodiac is a Calgary based company formed to explore for and gas assets in North America with a focus on the San Joaquin Basin in California. \nNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. \nFor more information, please contact: \nZodiac Exploration Inc. \nPeter Haverson \nInterim President and Chief Executive Officer \n(403) 450-7896 \nwww.zodiacexploration.ca \nCautionary Statements \nThis press release contains certain forward-looking statements and forward-looking information (collectively referred to herein as \"forward-looking statements\") within the meaning of applicable securities laws. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements typically contains words such as \"anticipate\", \"believe\", \"confirms\", \"continuous\", \"estimate\", \"expect\", \"may\", \"plan\", \"project\", \"should\", \"will\", or similar words suggesting future outcomes. In particular, this press release contains forward-looking statements pertaining to the expectation that Aera will make a decision in respect of the drilling of the required horizontal well under the ...