Altima's (TSX-V: ARH / FSE: AKC /OTC Pink: ARSLF) Commences Workover Operations on the 3-17-41-11 W5M Well at Chambers-Ferrier, Alberta
Vancouver, BC / TNW-ACCESSWIRE / August 6, 2014 / Altima Resources Ltd. (TSX-V: ARH / FSE: AKC / OTC Pink: ARSLF) announces that it has commenced workover operations on the UNE Chambers 3-17-41-11 W5M well (the "Well"), located in the Chambers-Ferrier area of the Western Sedimentary Basin, Alberta.
Altima has assumed Operatorship of the Well and will re-enter the well bore, remove existing packers and WR plugs, run tubing, and place the Well on production. The Well will produce through an existing flowline to the Conoco 9-4-41-11 W5M compressor station, which is tied into the Keyera Deep Cut Gas Processing Plant at Strachan.
The Well was originally drilled by Golden Eagle Exploration to a Total Depth of 3,349 meters and rig released in June 2006. In July-August 2006, the Well was perforated and fracture stimulated in the Rock Creek and tested at a rate of 300 MSCF/D. The Rock Creek was then suspended and the Well recompleted in the Ellerslie sands. In November 2007, the Well was placed on production, and produced through to March 2009. The Ellerslie sands were then suspended and the Second White Specks Formation perforated, after which the Well was left shut in. The current workover will commingle all intervals to enable placing the Well back on production.
The Well workover is being completed under Altima's Participation Agreement with Acumen Energy Partners Inc. (refer to news release dated January 30, 2014).
The Company's mostly contiguous land base at Chambers-Ferrier totals twenty-seven (27) sections (17,280 gross acres) with an approximate average working interest of 86% in 16 of the 27 sections and varying interests in eleven (11) wells.
Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.
ON BEHALF OF THE BOARD
SIGNED: "Richard Switzer"
Richard Switzer, CEO and President
