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oShow printable version of 'New Well Completed' in a New WindowFri Nov 29, 2002
New Well Completed

 Vancouver, B.C.- The Company is pleased to announce the completion of its sixth producing well called the Enchant. Tie-in of the Enchant Well to a third party production facility is expected to occur some time in January, after which a stabilized flow rate can be determined. The Enchant Well will produce both oil and solution gas from the Turner Valley formation . The company was carried for the cost of the drilling and casing completion of the Enchant Well, and will retain a 20% revenue interest. Follow up drilling locations may be possible on this location.

The Company has an inventory of over fifteen oil & gas leases that it has acquired over the past year in Alberta, with an average interest of 37% per lease. The Company is currently examining drilling targets with its partners on a number of these leases.

On Behalf of the Board
Mount Dakota Energy Corp.

"Gary Claytens"

Gary Claytens

The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of the contents of this news release

You can view the Previous News Releases item: Mon Apr 15, 2002, Reserve Report

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