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Tango Energy Inc. is pleased to provide the following operations update
Tango Energy Inc. is pleased to provide the following operations update.
About this update from Tamarack Valley Energy Ltd.
[{"type":"text","content":"\n\n\n\n\nCALGARY, Nov. 13 /CNW/ - Production testing has been completed on a\nsignificant new well in west-central Alberta. The well flowed on a 24 hour\nflow test and produced a total of 6.4 million cubic feet of raw gas. During\nthe flow test, the well flowed at rates between 5.9 and 8.5 million cubic feet\nper day of raw gas with flowing tubing pressures between 4,208 and 4,487 psi.\nHydrogen sulphide content is estimated in the 6.5% range. Tango has a 28%\nworking interest (WI) in this well, subject to a 12.5% non-convertible\noverriding royalty. It is expected that the well will be placed on production\nprior to year end.\nAdditionally, production testing has been completed on another new well\nin the Cecilia area. The well is expected to produce initially between 200 and\n300 boepd. Tango has a 50% WI in this well, which is also expected to be\nplaced on production prior to year end.\nCompletion operations are currently underway at Quaich (60% WI), Ricinus\n(50%WI), and Ferrier (28% WI). Additionally, the Kakwa 13-1 Swan Hills test is\nscheduled to re-commence drilling during December 2006.\nThe Company will communicate additional information in a timely manner as\nit becomes available.\n\nTango Energy Inc. is listed on the TSX-Venture Exchange under the \nSymbol TEI.\n\nThe TSX Venture Exchange has not reviewed and does not accept\nresponsibility for the adequacy or accuracy of this release. This release\ncontains forward-looking information. By their nature, forward-looking\nstatements involve assumptions and known and unknown risks and uncertainties\nthat may cause actual future results to differ materially from those\ncontemplated. These risks include such things as volatility of oil and gas\nprices, commodity supply and demand, fluctuations in currency and interest\nrates, ultimate recoverability of reserves, timing and costs of drilling\nactivities and pipeline construction, new regulations and legislation and\navailability of capital. Tango does not undertake to update any such\nforward-looking statements except as required by law. Please refer to Tango's\nAnnual Report for more detail as to the nature of these risks and\nuncertainties. Although Tango believes that the expectations represented by\nthese forward looking statements are reasonable, there can be no assurance\nthat such expectations will prove to be cor...