New Sage Energy Corp. Announces That the J. Leger # 1 Well Was Recently Drilled and Completed in the LaFourche Crossing Field
26 Novembre 2009 - 2:30PM
Marketwired
New Sage Energy Corp. (TSX VENTURE: NSG), is pleased to announce
that the J. Leger # 1 well was recently drilled and completed in
the LaFourche Crossing Field. The well reached a total depth of
10,648' and was completed between 10,614' and 10,643' with initial
flow test results that show a tubing pressure of 3610 psig, a flow
rate of 910 mcf/d natural gas and 29 bbls/d of 52 degrees API oil,
equivalent to roughly 100 BOE/d. New Sage holds a 5% working
interest in the J. Leger #1 well.
The well is expected to be equipped and tied-into existing
infrastructure and put onto production in the next 2-3 weeks.
Several additional formations containing hydrocarbons have been
identified on the side-wall core and log analysis that will be
considered as completion candidates for the future. These include
zones at 8100', 9850', 10100', 10180', and 10375'.
About New Sage Energy
New Sage Energy is a Canadian oil and gas exploration and
development company with a focus on opportunities in South America
and the US Gulf States region.
The term BOE refers to barrel of oil equivalent. BOEs may be
misleading, particularly if used in isolation. A BOE conversion
ratio of 6 mcf (six thousand cubic feet) to 1 bbl (one barrel) is
based on an energy equivalency conversion method primarily
applicable at the burner tip and does not represent a value
equivalency at the wellhead.
This news release contains forward-looking statements that
involve risks and uncertainties. Forward-looking statements or
information are based on current expectations, estimates and
projections that involve a number of risks and uncertainties which
could cause actual results to differ materially from those
anticipated by New Sage Energy Corp. The forward-looking statements
or information contained in this news release are made as of the
date hereof and New Sage Energy Corp. does not undertake any
obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information,
future events or otherwise, unless so required by applicable
securities laws.
Neither the TSX Venture nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture) accepts
responsibility for the adequacy or accuracy of this release.
Contacts: New Sage Energy Corp. John Carlesso President and CEO
416-309-4320
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