Friday, December 10, 2010

SPI announces another success in the Lower Montney

Canadian Spirit Resources Inc. (SPI) announced today that they have achieved their second successful test of the Lower Montney Formation. Their b-17 well flowed in excess of 3.5 mmcf/d and stabilized at 2.5 mmcf/d from five fractures over a short horizontal leg. The release states that the well "exceeded the Corporation's expectations and confirms the Corporation's conviction that the lower Montney zones can add significantly to the total productivity and reserve potential of the Montney Formation as a whole".

This is great news and shows that SPI is on their way to proving up their Montney lands.

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