Waldron Energy Updates on Crystal 1-32-44-3W5 Well Drilling

Waldron Energy Corp. (TSX:WDN) updated on the drilling of a 60 percent working interest Crystal 1-32-44-3W5 horizontal Glauconite oil well.

As quoted in the press release:

Over a three day period, the 1-32 well tested cumulative volumes of 950 barrels of light oil and 4.8 Mmcf of liquids rich natural gas (70 barrels of liquids per million cubic feet of gas). A pumpjack will be installed and the well is expected to be on production by the end of July 2012.

Click here to read the Waldron Energy Corporation (TSX:WDN) press release.