Pennant Energy Inc.: Bigstone Field, Montney Horizontal Well Drilled to 3818m TD

Pennant Energy (TSXV:PEN) announced that on Sept 19, 2011 the Bigstone Test Well drilling operations had been completed and the drilling rig was released.

As quoted in the press release:

Test Well was drilled vertically to the Montney formation from surface location 00/03-29-060-22W5/00 and then horizontal to a total measured depth of 3,818 meters, terminating at the projected bottom hole location 00/14-29-060-22W5/00. A twelve stage frac completion string has been set in place along the 1254 meter well lateral (horizontal portion) leg in preparation for frac operations. The Bigstone well was drilled within the timeframe and cost estimate of the operators AFE forecast budget Donnybrook has informed Pennant that it has secured a contract for a completion rig and frac crew for the middle of October.

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