Business
Tango Provides Update
Tango Provides Update.
About this update from Tamarack Valley Energy Ltd.
[{"type":"text","content":"\n\n\n\n\nCALGARY, Feb. 9 /CNW/ -\n\nAnsell Prospect Area\n--------------------\n\nIn December 2005, Tango completed the drilling of a new well at 12-13 in\nthe Ansell area of Alberta. With this well, Tango extended the pool size of\nits earlier Viking gas discovery in 16-14 and successfully completed two\nadditional new zones. Along with the original successful re-entry Viking gas\ndiscovery in 16-14, Tango expects to produce about 70 boepd net to Tango.\nThree additional locations exist on land controlled by Tango in the Ansell\narea.\n\nBlackstone South Prospect Area\n------------------------------\n\nTango participated in a recompletion operation in Blackstone South at \n12-25 which resulted in a two-zone exploration discovery. Five kilometers away\nat 09-17, Tango participated in a second well which was also drilled, cased\nand completed. Net production from these two wells is expected to add 50 boepd\nnet to Tango. Plans are underway to drill a third well at 03-31 which is\ncurrently scheduled for immediately after break-up.\n\nBlackstone North Prospect Area\n------------------------------\n\nEarlier this year, Tango successfully re-entered, completed and flow\ntested a new gas bearing zone in a cased, abandoned wellbore at 11-13. This\nwell is currently being tied in and is expected to add 40 boepd net to Tango.\nAdditional recompletion operations are planned for this well where Tango has\nidentified bypassed pay potential. Two other locations exist on these lands.\n\nCecilia Prospect Area\n---------------------\n\nTango's core development project in Cecilia continues to deliver positive\nresults. Two wells at 4-14 and 3-10 were drilled during the fourth quarter of\n2005. Both wells were cased with a combined 11 separate zones of pay between\nthem. The 4-14 well has been tied in and is currently producing 130 boepd net\nto Tango. The 3-10 well is currently undergoing completion operations and is\nexpected to be on production during the second quarter. Three additional\nlocations exist on Tango lands, at least one of which is expected to be\ndrilled later this year.\n\nDeanne Prospect Area\n--------------------\n\nTango expects to spud its first well in Deanne during the second quarter\nof 2006. Deanne is a multi-zone, sweet gas prospect west of Rocky Mountain\nHouse, where Tango holds a 100% working interest in 6 sections...