SASKATOON, SASKATCHEWAN – (Marketwired – June 16, 2017) Westcore Energy Ltd. (“Westcore” or the “Company”) (TSXV: WTR) announces that it has completed the initial drilling operations on its three well program at Flaxcombe, along with its partner Eros Resources Corp. The three well program commenced on June 1, 2017 and drilling was completed on June 14, 2017. The program was designed based on the re-interpretation of a 3D seismic survey that Westcore acquired with the property.
All three wells successfully encountered the Lower Mannville Group Success Sand Formation, with multiple oil bearing sands in each well bore. The Upper Success Sand Formation, which is the primary target, shows total oil bearing formation thicknesses of 5 meters, 9 meters and 11 meters respectively. The Lower Success Sand Formation, which is a secondary target, shows a total oil bearing formation thickness of 8 meters in each well. The Company will be reviewing the results with its completions team, with a view to bringing the wells on production in the most efficient manner possible.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Westcore Energy Ltd.
Vice President and Chief Operating Officer
Phone: (306) 653-2692
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. In particular, forward-looking information in this press release includes, but is not limited to, the 3 well drilling program that is referenced herein, shut-in production potentially being re-initiated and the earning of interests by Eros in Westcore’s Flaxcombe field. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.
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