Painted Pony Petroleum Ltd. provide an operations update on the Company's Montney gas project in northeastern British Columbia. The Company has recently completed four (1.4 net) new Montney gas wells in the Daiber/Kobes area which are undergoing production testing. All four wells were drilled earlier in 2012.
The Daiber d-A44-C/94-B-16 (50% working interest; operated) lower Montney well is currently testing in-line through the Company's Daiber facility. During the past twelve days, this well has flowed at an average wellhead rate of 10.2 MMcf/d over 277 hours.
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Painted Pony Petroleum Ltd.
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