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November 28, 2011 Entek Update:

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J Man   Monday, 11/28/11 01:00:42 AM
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November 28, 2011 Entek Update:

2011 Appraisal Program Status:

C&C Cattle 18-8[/b – Four zones in the Niobrara were completed with oil breakdowns & a CO2 based mini-frac. Pumping operations are about to commence, comingled from the Niobrara only.

Slater Dome (SD) Federal 24-9 – Five target zones in the Niobrara were completed with oil breakdowns & water based mini-frac. Production tubing is currently being run; following this the pumping unit will be set.

BattleMountain 14-10 – Four target zones in the Niobrara were completed with oil breakdowns, CO2 & water based mini-fracs. Plugs set between each breakdown are currently being drilled out.

Data gathered while testing and completing each well will be analysed to determine the flow rate contribution from each of the Niobrara zones.

Niobrara Shale Oil – Next Steps
* 2011 wells now completed and being tested directly to sales
* Initial flow rates from all wells expected by second week of December
* 2012Work Program to be agreed & announced early 2012
* Perform optimised fracture stimulation treatment to the wells early in next year’s work program, based on knowledge gained in 2011 (both internal & industry)
* Continue efforts to pursue ‘bolt on’ acreage opportunities
* Explore strategic alliances & partnerships with Industry Leaders


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