FIELD ACTIVITIES / Brigdon Resources gas discovery
BRIGDON GAS PRODUCTION INCREASES 40 PERCENT
CALGARY, July 8 /CNW/ - Brigdon Resources Inc. (BRG.A - TSE) today
announced the recent completion of two Basal Quartz zone gas discoveries at
Buffalo Lake, in central Alberta.
The first well (70% working interest) tested at initial flow rates of
between 6 million and 12 million cubic feet of gas per day. Pipeline
construction was completed last week and the well is on stream, producing 3.25
million cubic feet of gas (2.25 million net) per day.
The second well (38.75% working interest) tested at initial flow rates
greater than 1.5 million cubic feet of gas per day, but showed declining flow
pressures. This well is on an extended testing program.
Brigdon's Red Willow plant (100% working interest) is now processing
about 7.8 million cubic feet of gas per day. Over the next three weeks the
company expects to increase Red Willow throughput to about 8.5 million cubic
feet per day, including 1.25 million cubic feet of gas per day processed for
non-operators.
Brigdon's sales from Red Willow and other facilities will total
approximately 7.7 million cubic feet of gas equivalent per day; an increase of
40% over recent production levels.
Brigdon has proposed to its joint venture partners a four to six well
summer drilling program of Basal Quartz and Glauconite gas targets and expects
to begin drilling later in July.
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For further information: Phillip Piffer, President, (403) 266-4421,
Fax: (403) 266-4460, E-mail: brigdon-info@brigdon.com; Kevin Sobb/Grant
Howard, The Howard Group Inc. (Investor Relations), (888) 221-0915, Fax: (403)
237-8387, E-mail: howardg@capitalideas.com, Internet: www.capitalideas.com
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