FIELD ACTIVITIES / High Plains blowout fire extinguished
High Plains Energy Inc.
CALGARY, Oct. 13 /CNW/ - HIGH PLAINS ENERGY INC. THROUGH ITS WHOLLY OWNED
AMERICAN SUBSIDIARY, GRIFFON PETROLEUM INC., ANNOUNCED FURTHER DETAILS TO THAT
ISSUED EARLIER REGARDING THE BLOWOUT AND FIRE IN ITS HOEFELDT 4-33N-17E, HILL
COUNTY, MONTANA, DRILLING WELL. THE FIRE HAS BEEN EXTINGUISHED, BLOWOUT
PREVENTERS HAVE BEEN INSTALLED, THE GAS HAS BEEN DIVERTED TO A RELIEF LINE AND
THAT THE WELL IS FLOWING AT A RATE NOW ESTIMATED AT 7,500,000 CFD.
REHABILITATION OF THE WELL IS CONTINUING AND DRILLING OPERATIONS MAY BE
RESUMED TO A TARGET DEPTH NOW SET AT 1,250 FEET WHEN THE WELL WILL BE
COMPLETED FOR PRODUCTION.
GRIFFON PETROLEUM INC. IS A NON-OPERATOR IN THE WELL AND HAS A 37.48535%
WORKING INTEREST.
THE WELL WAS INTENDED AS A DEVELOPMENT WELL IN THE TIGER RIDGE GAS FIELD
OF MONTANA. GRIFFON PETROLEUM INC. HAS INTERESTS IN MORE THAN 14,000 NET ACRES
IN THE AREA.
THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE
INFORMATION CONTAINED HEREIN.
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For further information: Mr. Harold Bowman, President of High Plains
Energy Inc., (403) 290-0078
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