Drilling Program - Wells

Traverse to Drill First Duvernay Well in Q4 at Chigwell Prospect

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   |    Monday,October 02,2017

[Summary: Traverse Energy reported that it now holds 51,920 net acres in the Duvernay Shale play and is prepping for a drilling campaign.

Traverse expects to drill its first evaluation well early in Q4 2017 in the Chigwell area. The 4,500 meter horizontal well is currently being licensed and a drilling rig has been secured.]

Original Release:

Traverse Energy Ltd. (the “Corporation”) (TSX Venture:TVL) is pleased to announce a new prospect area. The Company has accumulated 51,920 net acres (81 sections) of 100% land prospective for light oil in the Duvernay shale basin in central Alberta.

Traverse expects to drill its first evaluation well early in the fourth quarter of 2017 in the Chigwell area. The 4,500 meter horizontal well is currently being licensed and a drilling rig has been secured. Traverse holds 21,120 net acres (33 sections) of crown and freehold lands in the Chigwell area.


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