Exploration & Production
NuVista Energy Encouraged by Wapiti Montney Well Results
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NuVista Energy Ltd., is pleased to announce results for the three and six months ended June 30, 2012 and provide an update on its business plan. During the second quarter of 2012, we drilled and completed the last well of our five well Wapiti Montney pilot and delineation program.
The results of this drilling program together with industry data continues to support our belief that the liquids-rich Alberta Montney is a top-quartile North American natural gas play with the potential to create significant shareholder value. Recently, we have seen improvements in natural gas prices, that when coupled with the significant condensate component of the Wapiti Montney gas, give us optimism as we begin to plan for 2013 and beyond. However, we will remain diligent in maintaining financial…
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