Prairie West Oil and Gas completes drilling on Twinning Project
Preliminary data shows unexpected additional zones available for completion
CALGARY, Alberta Canada/August 1st, 2012 -- Today Prairie West Oil & Gas Ltd is pleased to announce that it has completed the drilling at Twinning Alberta Canada. Total depth was hit late on Sunday July 29, 2012 and the well is currently being cased for completions. Prairie West had originally targeted a primary zone deep in the well formation but had also targeted some secondary formations as a way to mitigate overall risk. Electronic logs have been pulled and the company is now going over the preliminary data. At this time Prairie West is happy to announce a completion of this well will be scheduled in the near future.
Vice President Anthony Sarvucci: "I would first like to thank the dedicated crew of Ground Force Drilling for an outstanding job overcoming obstacles and completing the task at hand. Due to rain and some hard drilling, the overall length of the drill was longer than expected however preliminary data suggest unexpected additional zones within the well are available to the company for completion. The next step is to do an addition comprehensive wire line analysis to gather more data with the goal of optimizing the return on this capital investment.
Prairie West would like to invite its current shareholders and the general public to visit www.prairiewestonline.com where on the main page there is a timeline that contains pictures from the completed Twinning drill.
About Prairie West Ltd.:
Prairie West Oil & Gas is a producing energy company with both established production and assets within the center of Canada's highest reserve epicenters; the oil boom provinces of Alberta and now Saskatchewan. Prairie West operates under the notion that now is the time to take advantage of favorability priced acquisitions and joint ventures while constantly striving to reduce the cost of doing business. The goal is to build for the future while remaining focused on the short term profitability that rewards early shareholders.
The experienced team at Prairie West has the expertise and proven execution required for success in today's rapidly changing energy sector. This has been clearly demonstrated with the Maidstone acquisition, the more recent eleven well expansion located in close proximity to current production and a 27 well producing gas play in Saskatchewan Canada.
Prairie West's primary long-term development project is strategically placed within the highly productive Twining area which is surrounded by major multi-national energy giants such as EnCana, Suncor and Devon Energy. This project is immediately adjacent to the enormous Twining Rundle/Mannville Pool with original oil in place of 1.013 billion barrels equivalent.
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