FIELD ACTIVITIES / Petroflow Announces Successful Chamberlain Well
CDN SYMBOL: PFNG.A
JUNE 19, 1998
HUBBARDS, NOVA SCOTIA--Petroflow Energy Ltd. says that the first
horizontal well at its Chamberlain basal quartz oil pool (27
degrees API) has been drilled and completed, and placed on
production June 7, 1998. The well's horizontal lateral
intersected over 275m of reservoir of which 175m encountered
excellent reservoir quality. Average production to date has been
approximately 315 barrels of oil per day with a 5 percent water
cut. The current production rate is approximately 375 barrels of
oil per day with a 5 percent water cut and a 50 percent draw down.
Petroflow has a 12.5 percent working interest in the project which
is operated by Tier One Energy Corp. The Chamberlain Blairmore
oil pool located near Edmonton, Alberta, which has had cumulative
production of 200,000 barrels of oil to date from vertical wells,
has been allocated at least 3,200,000 barrels of oil in place by
the Energy Utilities Board of Alberta (the "EUB"). The EUB
allocation of oil in place is based on data from these vertical
wells. Petroflow expects to drill an additional three horizontal
wells into the Chambelain oil pool, and to install battery
facilities, in the third quarter of 1998, with potential follow-up
locations thereafter.
Petroflow is an emerging junior oil and gas company, the Class A
shares of which are quoted and traded on the Canadian Dealing
Network under the symbol "PFNG.A"
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