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Contact Exploration's Pad Well Test Shows Good Results

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Contact Exploration's Pad Well Test Shows Good Results

Contact Exploration Inc. has announced that the three Contact operated wells, at 2-18-63-5 W6M, 8-20-63-5 W6M and 9-20-63-5 W6M, drilled from the Company's first three-well pad, have each been successfully completed.

Contact holds a 25% working interest in the New Wells.

Each of the New Wells was drilled with lateral lengths exceeding 1,900 meters, being approximately 50% longer than the average lateral length of wells previously drilled by Contact at Kakwa, with each being drilled and completed on time and budget. The New Wells have undergone testing for a longer duration than Contact's previous Kakwa wells in order to assist with the recovery of the additional frac water volumes pumped in connection with completing these longer wells.

Contact is very encouraged with the test results…

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