Trivello has participated and successfully completed two gas wells on its Lucy Shale Gas property over the past three years. The proximity of these two Gas Wells to the Encana Gas Pipeline allows the Company to tie in future gas production in a cost effective manner.
Trivello and partners have developed a work program of immediate impact, and reduced risk to vertically fracture stimulate (frac) the first gas well on the property. This frac consists of breaking the formation rock with water pressure and keeping the rock open via the infusion of special sand designed to stick to the fractures and hence improve deliverability of natural gas production into the well bore.
Once the vertical facture stimulation is complete, the Company will study the inflow characteristics of this well in order to verify the most prolific space within the 60 meters of shale. This critical data will set the stage for the subsequent operation in the project’s second standing Gas Well, whereby the Company and partners would drill a horizontal leg of approximately 800 meters in length and complete a six stage horizontal frac. This horizontal completion technique has yielded as much as 20 million cubic feet of gas per day on other wells within the region.
The Company has filed an engineering report with prospective resources on its property in the amount of 123 Bcf (Billion cubic feet) of gas on deposit. The Company will increase its holdings from the current 10% to a total of 40% by funding the first phase to vertically fracture stimulate and subsequently flow test the existing drilled and cased a-79-A/94-P-4 gas well on its property. Once funding is completed, the Company will have earned the additional 30%, increasing their interest to 40% of the Lucy Shale Gas Project. The second phase and all subsequent work would then go forward on this new ownership structure.
With a new capital structure and increased ownership in the Shale Gas Prospect, Trivello can capitalize and grow its reserves in a time of economic uncertainty at a lower cost and position itself favorably within the gas sales market.
To learn more about Trivello Energy Corp., the Lucy Shale Gas project, and the Horn River Basin, visit http://www.trivello.com, or email info@tehama.com
On behalf on the Board of Directors:
Arndt Roehlig
President
The TSX Venture Exchange has not reviewed this news and does not accept responsibility for the adequacy or accuracy of this release.
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