Nextraction Energy Commences Completion Operations on the Noble 6-24 Well in the Pinedale Anticline Field in Wyoming

- June 29th, 2010

Nextraction Energy Corporation (TSX-V: NE) announced today that its wholly-owned subsidiary, Nextraction Energy (US) Inc., and its operating partner, Vantage Energy, have commenced completion operations for the Noble 6-24 well in the northern region of the Pinedale Anticline.

Nextraction Energy Corporation (TSX-V: NE) announced today that its wholly-owned subsidiary, Nextraction Energy (US) Inc., and its operating partner, Vantage Energy, have commenced completion operations for the Noble 6-24 well in the northern region of the Pinedale Anticline.

The press release is quoted as saying:

The companies will move forward with a multi-stage frac program targeting the lower 13 stages of an eventual 21 stage completion program. Costs for the 13 stage completion are estimated to be US$ 1.9MM. Combined with drilling costs invested to date, the cost of the completed well will be approximately US$ 5.4MM. The pipeline for connecting the well to the main gathering system for production sales has been completed. The frac program should take approximately 10 days to complete and place the well into production for immediate gas sales.

Click here to access the entire press release

Click here to access Nextraction Energy Corporate Site

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