Welcome To The Canadian Spirit Resources Inc. HUB On AGORACOM

Exploration and development of opportunities in the unconventional gas sector - JV - Shell Canada Energy.

Message: NR roads open...start 2011 program...plus liquid gas test

CALGARY, ALBERTA -- Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI) (OTCBB:CSPUF) announces that the spring road bans have been removed in the Farrell Creek area in northeastern B.C. enabling Canbriam Energy BC Partnership ("Canbriam"), operator of the Farrell Creek Montney joint venture, to begin preparations for additional drilling and development in the second half of 2011.

The capital program will resume with the fracture stimulation and testing of two previously drilled upper Montney horizontal wells at the c-45-I/94-B-1 and c-B18-I/94-B-1 locations on the western portion of the Farrell Creek joint venture lands. Upon completion, the two wells will be tied-into the Farrell Creek gas facility resulting in five Montney wells on production. One upper and two lower Montney horizontal wells are currently flowing gas into the facility. A short lateral to connect the c-45-I well to existing infrastructure has received regulatory approval with construction to begin shortly.

The joint venture is also moving a portion of its planned capital program to its east Farrell Creek lands to test the potential for natural gas liquids in this area. The program will begin with the drilling and testing of a vertical well during the third quarter of 2011. Other Montney operators in the area appear to have indications of natural gas liquids and one has announced that they will invest in the refrigeration equipment required for extraction of the liquids.

New Message
Please login to post a reply