Dec 23 2016
Tanager Energy Inc. ("Tanager" or the "Corporation") (TSX VENTURE:TAN), which owns a 50% working interest in a 312.5 square mile area of mutual interest ("AMI") with Paleo Oil Company, LLC, in east Texas, is pleased to announce that operations have commenced for its first well to be drilled within the AMI. The operator and 50% owner Paleo Oil Company, LLC, has commenced construction of the road and drilling pad for the well, and has applied for a drilling permit for the well, which will be named the Raptor A #1 well. The Raptor A #1 well will be located approximately 2.5 miles southwest of Camden, Polk County, Texas, and will be permitted to a maximum depth of 4,500 feet. The well will target the Yegua sandstone formation. A further update will be provided as to the likely spud date once the drilling rig schedule is confirmed.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Tanager Energy Inc. is an oil and natural gas and mineral exploration company headquartered in Calgary, Alberta, with executive offices in Houston, Texas. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "TAN".
Source: http://www.tanagerenergy.com/