Operational Updates
Angle Energy Cardium Well Produces 23,000 bbl in Two Months
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Angle Energy Inc. (TSX: NGL) is pleased to provide shareholders with the following activity updates and Corporate information.
HIGHLIGHTS
At Harmattan, Angle’s second 100% working interest Cardium light oil well has yielded an average first week flowing production rate of 745 boe/d, 91% light oil and 9% gas. Angle’s first 100% working interest Cardium well previously announced in December 2011 is currently producing at 349 boe/d, 94% light oil and 6% gas. This well has cumulatively produced over 23,000 bbls of light sweet crude oil after 2 months of production. Current drilling inventory in this play is approximately 120 wells.
OPERATIONAL UPDATE
Subsequent to Angle’s operational update on December 13, 2011, the Company has completed drilling operations on four…
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