Sharon Announces Casing the N.W. Speaks Robertson #1 Well, Lavaca County, Texas
March 28 2008 - 8:00AM
Marketwired
CALGARY, ALBERTA announces that the N.W. Speaks Robertson #1
well, located in Lavaca County, Texas, was drilled to a total depth
of 13,575 feet and production casing has been set.
Sharon is the operator and has a 35.844% working interest in the
N.W. Speaks Robertson #1 well.
Based on the Company's log analysis, the well has encountered
several Wilcox gas zones, two of which were the primary objectives
for the well and these two sands have been proven productive within
the same structure.
Completion operations, of the first Wilcox gas zone, are
anticipated to commence within 10 days. Sharon plans to construct
production facilities prior to performing a fracture stimulation,
which is planned for late April 2008.
Sharon is an oil and gas exploration and production company
based in Calgary, Alberta. Sharon's current focus is on deep gas
exploration in Texas.
ADVISORY: Certain information regarding the Company in this News
Release including management's assessment of future plans and
operations, drilling and completion plans and the timing thereof,
may constitute forward-looking statements under applicable
securities laws and necessarily involve risks including, without
limitation, risks associated with oil and gas exploration,
development, exploitation, production, marketing and
transportation, loss of markets, volatility of commodity prices,
currency fluctuations, imprecision of reserve estimates,
environmental risks, competition from other producers, inability to
retain drilling rigs and other services, capital expenditure costs,
including drilling, completion and facilities costs, unexpected
decline rates in wells, wells not performing as expected, incorrect
assessment of the value of acquisitions, failure to realize the
anticipated benefits of acquisitions, delays resulting from or
inability to obtain required regulatory approvals and ability to
access sufficient capital from internal and external sources. As a
consequence, actual results may differ materially from those
anticipated in the forward-looking statements. Readers are
cautioned that the foregoing list of factors is not exhausted.
Additional information on these and other factors that could effect
the Company's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and
may be accessed through the SEDAR website (www.sedar.com) and at
the Company's website (www.sharonenergy.com). Furthermore, the
forward-looking statements contained in this news release are made
as at the date of this news release and the Company does not
undertake any obligation to update publicly or to revise any of the
included forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required
by applicable securities laws.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
Contacts: Sharon Energy Ltd. - Houston, Texas H.C. (Kip)
Ferguson, III President (713) 789-5395 (713) 789-8454 (FAX) Sharon
Energy Ltd. - Calgary, Alberta Robert W. Lamond Chairman (403)
269-9889 (403) 269-9890 (FAX) Website: www.sharonenergy.com
Sharon Enery Ltd (TSXV:SHY)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sharon Enery Ltd (TSXV:SHY)
Historical Stock Chart
From Jul 2023 to Jul 2024