Pacific Energy Announces the Successful Completion of Johnson Bottom Horizontal Well
November 19 2010 - 6:00AM
Marketwired
Pacific Energy & Mining Company (PINKSHEETS: PEMC) announces
the successful completion of the JB 8G 21-7-21 delineation well at
the Johnson Bottom Unit in Uintah County, Utah. The well was
completed and placed on production during the month of September
2010.
QEP Energy Inc. is the operator of the unit. The well was
completed with two horizontal legs. All information on the well is
confidential. The Johnson Bottom Unit is approximately 6,000 acres
with two delineation wells drilled. Based upon the results of the
wells additional development wells will be drilled.
Cisco Oil and Gas Field
Pacific Energy has placed on production three oil wells and is
in the process of evaluating three additional wells to place on
production. Currently, Pacific Energy has seven oil wells and one
gas well on production. Six natural gas wells are awaiting a
pipeline connection.
About Pacific Energy
Pacific Energy owns interests in the Greater Cisco Oil Field,
the Brennan Bottom Oil Field, the Johnson Bottom Unit and Cedar Rim
Oil Field. Pacific Energy Operates oil wells in the Greater Cisco
Field and the Greentown Fields in Grand County, Utah.
Disclaimer
The foregoing contains forward-looking information within the
meaning of The Private Securities Litigation Act of 1995. Such
forward-looking statements involve certain risks and uncertainties.
The actual results may differ materially from such forward-looking
statements. The company does not undertake to publicly update or
revise its forward-looking statements even if experience or further
changes make it clear that any projected results (expressed or
implied) will not be realized.
Contact: Worldwide Financial Marketing, Inc. USA Investor
Relations Int'l 1 954 360 9998 US 866 360 9998
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