Source Announces Gas Discovery at Woking, Alberta: Completes Successful Testing and Prepares for Production
Tuesday January 9, 2:01 pm ET
ALBERTA, Canada--(BUSINESS WIRE)--Source Petroleum, Inc. (OTC: SOPO - News; "Source Petroleum") is pleased to announce that its joint venture partner has drilled a successful exploration well in Woking, Alberta and has concluded an extended production test on the well.
Based on the results of the extended test, the operator is working to tie-in the well which is expected to take between 6 to 8 weeks. Expected production from this well is estimated at an initial restricted rate of 500-1000 mcf/day with NGLs of approximately 20 bbl/mmcf.
Source Petroleum holds a 37.5% interest in the Woking discovery.
