Open Range Energy Corp. report that its most recently completed horizontal well targeting the Notikewin Formation at its core Ansell/Sundance Deep Basin property has achieved an initial seven-day production rate IP7 of 7.0 mmcf per day plus natural gas liquids at a casing pressure of 12,400 KPa, adding approximately 1,230 boe per day in net production and increasing the Company's current production to approximately 6,000 boe per day.

The 100 percent Open Range 03/13-26-52-20W5M Notikewin well was spud on September 30, 2011 and drilled to a geological depth of 2650 metres, with a 1200-metre horizontal leg. Fracturing using a packer system commenced on November 21, 2011 and included a total of 9 fracturing stages with approximately 80 tonnes of proppant per stage. The well was flowed back on cleanup and was subsequently tied-in to the Company-operated 60 mmcf per day capacity Ansell/Sundance processing facility.

The 03/13-26 well's strong results substantially de-risk Open Range's mapped Notikewin horizontal inventory of 40 locations at two wells per section at Ansell/Sundance. An additional Notikewin horizontal well is currently awaiting fracturing and is anticipated to be on-stream before year-end.

Open Range is also pleased to provide an update on its previously announced 12-31-53-21W5M Wilrich horizontal well. Since coming on-stream on October 26, the 60 percent Open Range 12-31 well has achieved an IP30 of 5.3 mmcf per day plus natural gas liquids of approximately 10 bbls per mmcf, or 560 boe per day net.

These results further confirm the strong repeatability of Open Range's Wilrich play, which stands at nine gross horizontal wells on-production plus a current inventory of 35 locations at two wells per section. One additional Wilrich well was recently drilled and is anticipated to be on-production before year-end.

In addition, Open Range's first horizontal well targeting the Cardium Formation was recently drilled at Ansell/Sundance and is awaiting fracturing operations.

Drilling operations using two rigs are ongoing at Ansell/Sundance, with a further two gross Wilrich wells to spud before year-end.

Tags: Open Range Energy Corp.