Blue Earth Resources Announces Initial Results From Workover at Hunter Mannies
05 June 2014 - 10:15PM
Marketwired
Blue Earth Resources Announces Initial Results From Workover at
Hunter Mannies
INVER GROVE HEIGHTS, MN--(Marketwired - Jun 5, 2014) - Blue
Earth Resources, Inc. (the "Company") (OTC Pink: BERI) (PINKSHEETS:
BERI), an oil and gas exploration and production company reported
today the workover and perforation results of the Hunter Mannies
#1, located in Desoto Parish, Louisiana.
Hunter Mannies #1 was brought back online after a successful
workover. The well has achieved initial peak production rate of 8
barrels per day, with a cut of 95% oil and 5% water after the
perforation of the zone and two new zones. The well also has gas
pressure showing. After consulting with the Company's advisory
team, it is their opinion that the old perforations were blocked
and not allowing the oil and water to reach the borehole.
The Company believes the strong result of Hunter Mannies #1 will
appreciably enhance overall operations of the entire lease. John
Lai, President of Blue Earth Resources stated, "This is a
significant result given that there are 12 other oil and gas wells
on the Spyder Field." Management believes the never produced
formations on the 12 wells are also prospective for oil and natural
gas."
Blue Earth Resources is confident that they can bring the Spyder
Field back into robust production by the end of the year and look
forward to updating the market with future developments.
About Blue Earth Resources, Inc.
Blue Earth Resources, Inc. headquartered in Inver Grove Heights,
Minnesota, is a growth-oriented oil and gas Exploration and
Production (E&P) company with a focus on growing reserves and
net asset value per share, through the development and enhancement
of oil and gas properties as well as developmental drilling
opportunities.
Forward Looking Statements
The foregoing material may contain forward-looking statements.
We caution that such statements may be subject to uncertainties and
that actual results could differ materially from the fore-going
statements. Readers accordingly should not place undue reliance on
these forward-looking statements, which do not reflect unknown or
unanticipated events or circumstances occurring after the date of
these forward-looking statements.
Contact: Blue Earth Resources Inc. John Lai 952-838-3838 Email:
jlai@blueearthresources.com
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