Magnum Concludes 3 Well Drilling Program in Sedalia
06 January 2009 - 6:55AM
Marketwired
Magnum Energy Inc. (TSX VENTURE: MEN) is pleased to announce the
conclusion of a successful 3 well drilling program in the Company's
Sedalia properties, with all wells being cased. The Company is
currently reviewing the drilling logs and will undertake completion
operations in the coming weeks.
The Company has also been licensed to re-enter two abandoned
wells in the same area. The Company intends to re-enter these wells
and evaluate them in the near future. Magnum holds a 100% working
interest and is the operator of the properties where this project
is being carried out.
In addition, work is progressing to complete testing and
obtaining regulatory approval from the ERCB (Energy Resources
Conservation Board) to re-activate the gathering system. Once this
process has been completed the Company intends to tie-in all
completed wells to the gathering system.
The TSX Venture Exchange has neither approved or disapproved the
contents of this press release.
Contacts: Magnum Energy Inc. Richard Nemeth Vice President of
Corporate Development (604) 669-3155 (604) 669-3177 (FAX) Email:
rnemeth@magnumenergyinc.com Website: www.magnumenergyinc.com
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