CALGARY, Alberta, Oct. 30, 2017 (GLOBE NEWSWIRE) — Tanager Energy Inc. (“Tanager” or the “Corporation”) (TSXV:TAN)(OTCQB:TANEF) is pleased to announce a new field discovery in the Jones #1 well drilled in Tanager’s Polk County, Texas joint venture with Paleo Oil Company, LLC. Tanager owns a seventy five percent* (75%) working interest in the Jones #1 well. The well was completed at a measured depth of 2,512 feet and flow tested over a 72 hour period. The Jones #1 tested 1,229 mcf gas per day on a 16/64 choke with stabilized flowing pressure of 915 psi, and a calculated absolute open flow rate of 8,925 mcf gas per day. The well produced no water during its test. The Jones #1 well is likely to be tied into the same gathering system as Tanager’s Stampede A #1 discovery well, and will therefore now await a gas pipeline tap and permitting and construction of the necessary gas gathering infrastructure for both wells. Tanager will provide an update as to timing of construction of the gas sales line when further material information becomes available.
Tanager also announces that testing operations for the Sidekick A #1 well have now concluded. The Sidekick A #1 well produced non-commercial quantities of gas and water from two separate prospective sandstone sections, and Tanager has decided to plug and abandon the well.
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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 “TANEF”.