Exploration & Production
NuVista Energy Ltd. Announces First Quarter 2012 Results;Montney Update
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NuVista Energy Ltd. ("NuVista") (TSX:NVA) is pleased to announce results for the three months ended March 31, 2012 and provide an update on its business plan. During the first quarter of 2012, we achieved significant success in our two key liquids-rich natural gas plays while adapting our business model for a period of lower natural gas prices. As the first stage of our Wapiti Montney play evaluation nears completion, we are very encouraged with the natural gas test rates, liquid yields, productivity and economics of this play. Results of our five well drilling program together with industry data supports our belief that the Wapiti Montney is a top-quartile North American natural gas play with the potential to create significant long term shareholder value.
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