Standard Exploration Ltd. Announces Drilling Activityadmin
Standard Exploration Ltd. Announces Drilling Activity
Calgary, Alberta CANADA, January 14, 2014 /FSC/ – Standard Exploration Ltd. (SDE – TSX Venture), (the “Corporation”) is hereby providing an update on its recent drilling activities. During the fourth quarter of 2013, the Corporation drilled two wells at Claresholm, Alberta. The first well, 11-5-13-24 W4M, encountered Barons oil. It was put on pump and is currently being production tested. The second well, 11-11-13-25 W4M, was a dry hole and has subsequently been abandoned.
Pursuant to the Corporation’s flow-through financing in February 2012, the Corporation was required to spend $905,597 on eligible petroleum and natural gas expenditures by December 31, 2013. As at December 31, 2013, this obligation has been fulfilled.
FOR FURTHER INFORMATION PLEASE CONTACT:
Standard Exploration Ltd.
Tom MacKay, CEO or Vince Ghazar, CFO
Office: (403) 262-4450
The Corporation is a Canadian based oil and gas corporation with operations in Alberta, Canada and is traded on TSX Venture Exchange. The Corporation’s public filings may be found at www.sedar.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that terms is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain certain forward-looking information and statements, including without limitation, statements pertaining to the results from the two wells drilled. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the Corporation’s disclosure documents on the SEDAR website at www.sedar.com. The Corporation does not undertake to update any forward-looking information except in accordance with applicable securities laws.
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Source: Standard Exploration Ltd. (TSX-V: SDE)
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Posted: January 14th, 2014 under FSCWIRE.