Anterra Energy Inc. says that the horizontal Cardium well at LSD 09-17-45-5W5M in the Pembina (Buck Lake) area of Alberta was placed on production on December 28, 2012. The well continues to flow and, for the first 14 days of January, produced at average rates of 470 barrels of oil equivalent per day (boepd) comprised of 300 barrels of oil and 1,015 mcf of gas per day. As of January 15, 2013, the well continues to produce approximately 385 boepd at a tubing pressure of 3,000 kpa. Anterra holds a sixty percent (60%) working interest in the well and the balance of Section 17.

At Abbott in south east Saskatchewan, the Company plans to commence drilling of a Bakken test well at LSD 16-35-07-18W2M before the end of February. Following logging and coring, the Company will make a decision on whether to re-enter the well and drill the horizontal leg. Anterra has farmed out the test well and retains a fifty percent (50%) working interest in the test well and the adjoining 26 sections of land.

Tags: Anterra Energy Inc.