NEWS - Noble Affiliates Announces Montana Oil Discovery
ARDMORE, Okla., April 15 /PRNewswire/ -- Noble Affiliates, Inc. (NYSE: NBL - news) today announced its wholly owned subsidiary, Samedan Oil Corporation, has made an oil discovery in Montana.
The Krogedal #21-21H well was completed as a dual lateral oil well in the Nisku formation. The well has been completed at the rate of approximately 600 barrels of oil and 330 MCF of gas per day.
Samedan is operator of the well and owns a 40 percent working interest before payout. The company also owns an interest in approximately 1,680 gross acres on the prospect. Other working interest owners are Upton Resources USA, Inc. (Toronto: URC - news), 40 percent and Intoil, Inc., 20 percent.
Noble Affiliates, Inc. is an independent energy company with exploration and production operations throughout major basins in the United States, including the Gulf of Mexico, as well as international operations primarily in Argentina, China, Ecuador, Equatorial Guinea and the U.K. Sector of the North Sea. Its common stock is listed on the NYSE under the symbol ''NBL.''
SOURCE: Noble Affiliates, Inc.
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