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Wednesday, 09/21/2011 1:03:11 PM

Wednesday, September 21, 2011 1:03:11 PM

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NIOBRARA SHALE OIL PROJECT APPRAISAL PROGRAM UPDATE

On September 15th, 2011 Entek provided an update on the Niobrara Shale Oil Project Appraisal Program in the Green River Basin.

Battle Mountain 14-10L – The fracture stimulation program will commence around the 20th September 2011 after Halliburton completes work for another operator.

Slater Dome (SD) Federal 24-9DLST – Following last week’s decision to sidetrack the well, the new wellbore is at a depth of 6,650 ft, immediately above the Niobrara Formation. Wire-line logs have been run, and intermediate casing set, with the current operation cementing casing. The well is expected to drill out into the target Niobrara Shale within 48 hours. The planned total depth for the well is around 8,500 ft.

C&C Cattle 18-8 – The well is currently at a depth of 3,500 ft and drilling ahead. The planned total depth for the well is 8,000 ft.

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