Raptor Capital Corp fka RCP

[OGrady]

Raptor Capital drills final three wells in NE Alberta


2007-03-09 17:44 ET - News Release

Mr. William Wylie reports

RAPTOR CAPITAL CORPORATION ANNOUNCES TESTING RESULTS - NE ALBERTA

Raptor Capital Corp. and its partners have drilled the final three wells of its eight-well drilling program in northeast Alberta. The operator of the program has concluded a testing program on the wells and will be tying in one well before breakup at an anticipated rate of approximately 200 thousand cubic feet per day (Raptor 25 per cent before payout). The operator is also conducting nodal analysis on six wells that exhibited pressures in excess of 1,000 kilopascals of bottom-hole pressure. This analysis is being undertaken to determine which of the six wells will be viable candidates for plunger lift application and have sufficient deliverability to warrant being tied in. The corporation and its partners will continue to evaluate the remaining 16 sections of land (Raptor 12.5-per-cent working interest) to determine a drilling program for the fourth quarter of 2007 and the first quarter of 2008.