CALGARY, Alberta, Sept. 19, 2017 (GLOBE NEWSWIRE) — Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSX-V:TAN) (OTCQB:TANEF) is pleased to announce that its Raptor A #1 and Raptor B #1 wells in Polk County, Texas were brought onto production on September 13, 2017 and September 12, 2017, respectively, upon completion of the gas sales lines.
The Raptor A #1 well was brought onto production at an initial flow rate of approximately 650 mcf per day of natural gas on a 14/64 choke with a stabilized flowing pressure of 871 psi. The Raptor B #1 well was brought onto production at an initial flow rate of approximately 850 mcf per day of natural gas on a 14/64 choke with a stabilized flowing pressure of 871 psi.
Tanager owns a fifty percent (50%) working interest in the Raptor A #1 well. Tanager owns a seventy five percent (75%) working interest in the Raptor B #1 well until payout, at which time the working interest shall reduce to fifty percent (50%).
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Tanager Energy Inc. is an oil and natural gas and mineral exploration company headquartered in Calgary, Alberta, with executive offices in Houston, Texas. The Corporation’s common shares are listed on the TSX Venture Exchange under the trading symbol “TAN” and OTCQB as “TANEF”.