Pacific Asia China Energy Completes Fracturing Program in Guizhou 3-Well CBM Pilot Test
January 21 2008 - 8:00AM
Marketwired
KELOWNA, BRITISH COLUMBIA (TSX VENTURE: PCE) is pleased to
announce that fracturing operations have been completed in the
3-well vertical pilot program (wells ZY04-1, -2 and -3) at its
Guizhou CBM project.
Two coal seams (#19 and #26/27) were fracced in each of the 3
wells. The operations were successful and in accord with the fracc
design. Management is encouraged by the immediate flow of gas to
surface following the fracc operations.
Installation of pumping equipment will be completed within a
week and dewatering operations will begin shortly thereafter.
Dewatering and monitoring of reservoir conditions is expected to
continue for 2 to 3 months in order to determine the feasibility of
economic gas production from these wells.
The Company plans to test other completion procedures in this
area to determine the most effective method of production from this
multi-seam CBM play. Cavitations of selected seams in two vertical
wells and a dual-lateral well in a selected seam are planned for Q1
of 2008.
PACIFIC ASIA CHINA ENERGY INC. is a Canadian based resource
company specializing in the strategic development of Coal Bed
Methane projects in China, CBM drilling and coal degasification
through its 50% owned subsidiary, PACE MITCHELL DRILLING CORP.
Common Shares of PACIFIC ASIA CHINA ENERGY INC. are listed on the
TSX Venture Exchange under the symbol "PCE".
This news release may contain forward-looking statements.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. Actual results
may differ materially from those currently anticipated in such
statements.
ON BEHALF OF THE BOARD
Devinder Randhawa, Chairman & CEO
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this news
release.
Contacts: Pacific Asia China Energy Inc. Craig Christy Investor
Relations 1-877-979-7028 Email: info@pace-energy.com Website:
www.pace-energy.com
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