Waldron Energy Announces Successful Well Results

Waldron Energy Corporation (TSX:WDN) reports that the company’s working interest Ricinus 12-11-36-9W5 well has been completed and tested.

The press release is quoted as saying:

Additionally, the Corporation has successfully deepened, logged and cased its Strachan 14- 30 -37-8W5 well (the “14-30 well”) as a high perm Ellerslie well. The 14-30 well is expected to finish completion operations within the next two weeks. These two successful wells follow the February 17, 2011 announcement of the successful Strachan 7-29-37-8W5 well which tested at 6.2 MMcf per day plus expected liquids of 40 bbls/mmcf out of the Ellerslie and Glauconite Formations. All three vertical wells are expected to be placed on production within thirty days.

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