RedWater to Drill 6 Wells and Recomplete 9 Wells at Redwater and Westlock

RedWater Energy Corp. (TSXV:RED) provides its Capital Expenditure Budget and Production Targets for 2011.

The press release is quoted as saying:

RedWater’s Board of Directors has approved an initial 2011 capital budget of $3.0 million. Funds of $2.7 million will be allocated to the drilling of 6.0 and the recompletion of 9.0 net oil wells at Redwater and Westlock.

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