http://www.ariva.de/..._to_Double_Coalbed_Methane_Production_n2711477
Heartland Fractures 8 New Wells Continues Installation of 8 Miles of Flow Lines to Wells Expected to Double Coalbed Methane Production
13:10 11.08.08
MIAMI COUNTY, Kan.--(BUSINESS WIRE)--
Heartland Oil and Gas Corp. (OTCBB: HTOG) (FWB: HOCA) has successfully fractured the coal seams in 8 of its newly drilled wells in Miami County, Kansas and preliminary testing of the Prothe 42-3 indicates that the wells will deliver methane production in significant excess of the amount originally anticipated. Heartland also has continued installation of about 44,000 feet of 4 inch flow lines with over 26,000 feet trenched, laid and backfilled in preparation for full production of the wells.
Our preliminary testing indicates that the Prothe 42-3 is making 50-60 mcf gas per day, reports Susie Glaze, Operations Manager of Heartlands prime contractor, Aztec Well Services, Inc., another UPDA subsidiary. This is about double our target production amounts.
Within the past week, Heartland has fractured the coal seams in the Reichert 14-2, the Reichert 13-2, the Reichert 43-3 and the Vohs 32-3. Heartland has also completed the salt water disposal well necessary and testing indicates that this well has appreciably more disposal capacity than will be necessary for the maximum number of wells that it will be required to service.
The wells have been fractured at depths ranging from 370 feet to 456 feet in the Lexington, Mulke and Summit coal seams. They will now be connected to the salt water disposal well for de-watering and will be prepared for production as the flow lines reach them.
About Heartland Oil and Gas Corp.
In April 2007, Universal Property Development and Acquisition Corporation (OTCBB: UPDV) (www.universalpropertydevelopment.com) acquired a controlling interest in Heartland Oil and Gas Corp. and designated Heartland as its exploration and production arm. Since that time, UPDA has also established Aztec Well Services, Inc. (www.aztecwell.net) as its wholly owned field services subsidiary. For further information, visit www.heartlandoilandgas.com.
Heartland Oil & Gas Corp. (OTCBB: HTOG) recently received a reiterated Speculative Buy from Beacon Equity Research Analyst Victor Sula, Ph.D. The full report is available at http://www.BeaconEquity.com/m.
Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
(c)2007 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission. -----------
*amM - keine Kaufempfehlung
...wer Rechtschreibfehler findet - kann sie behalten !
25.07.08 Eröffnunsspiel 3.Liga: RWE-SGD 0:1
DFB-Pokal 1.Runde: RWE-Bayern München 3:4
|
Thread abonnieren
ETF-Sparplan