Dec. 15 - HEG.ASE - HEGCO COMPLETES INITIAL PHASE OF NEMAHA NO. 4 WELL - ADDITIONAL DRILLING PROGRESSES
From: Canada NewsWire
EDMOND, Ok., Dec. 15 /CNW/ - The President and Chairman of HEGCO Canada,
Inc., Douglas C. Hewitt, announced today that HEGCO has completed the initial
phase of drilling on the Nemaha No. 4 well. The Company has also begun
preparations for drilling in the next target area. Drilling is expected to
begin on this site shortly.
As drilling begins at the next well site, HEGCO will proceed with the
necessary testing and evaluations of the Nemaha No. 4. Production testing of
the Nemaha No. 2 continues to progress at a restricted production range of 50
- 80 bbls per day. This activity represents the execution of previously
disclosed objectives. HEGCO expects to put on multiple productive zones
through its multi-well program in the Three Sands Field.
HEGCO Canada, Inc., is an Alberta, Canada corporation traded on the
Alberta Stock Exchange under the symbol ''HEG''. The company is an oil and
gas production, servicing and drilling company operating in Oklahoma and
Arkansas.
On Behalf of the Board:
Douglas C. Hewitt,
Director, Chairman
The Alberta Stock Exchange has neither approved nor disapproved of the
information contained herein.
For further information: Kelly A. Boatright, Investor Relations: (800) 492-9572, Fax: (704) 588-6007 |
