Tango Energy's 13-14 well at Cecilia put on production
2007-01-08 17:18 ET - News Release
Mr. John Gunn reports
TANGO ENERGY INC. - OPERATIONS UPDATE
Tango Energy Inc. has provided the following operations update.
At Hanlan, the 14-35 well is currently in the final stages of being tied in and is expected to be on production by the end of January. During the flow test, the well flowed at rates between six million and eight million cubic feet per day of raw gas with flowing tubing pressures between 3,800 and 4,470 pounds per square inch gauge. Hydrogen sulphide content is estimated in the 6.5-per-cent range. Tango has a 28-per-cent working interest (WI) in this well, subject to a 12.5-per-cent non-convertible overriding royalty payable to the farmor, Enerplus Resources Fund.
At Cecilia, the 13-14 well has been placed on production and has added approximately 100 barrels of oil equivalent per day net to Tango. Tango has a 50-per-cent WI in this well.
At Ferrier, the 1-23 well is in the process of being abandoned due to uneconomic quantities of hydrocarbon in the Banff formation.
At Kakwa, the 13-1 Swan Hills well is currently drilling and is expected to reach total depth in the next few weeks. Tango has a 30-per-cent WI in this well.
Additionally, completion operations have been concluded at Quaich (60-per-cent WI) and Ricinus (50-per-cent WI). Both wells are being treated as tight holes and further information may be released at a later date.
Tango is pleased to announce that its targeted exit rate of 500 barrels of oil equivalent per day was reached during December.
The company will communicate additional information in a timely manner as it becomes available.
AI
