Bellatrix Exploration Ltd. announces updated well test results
TSX, NYSE MKT: BXE
CALGARY, March 11, 2013 /CNW/ - Bellatrix Exploration Ltd. ("Bellatrix"
or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce the well
test results of its most recent long reach Fahler horizontal liquids
rich natural gas well.
At Ferrier, the Company drilled its first long reach Fahler horizontal
liquids rich natural gas well (100% working interest) to a total depth
of 5,205 meters with a horizontal length of 2,845 meters. The well was
fracture stimulated in 36 stages and tested at varying rates over a 6
day period from 10 mmcf/d to 30 mmcf/d of natural gas with an estimated
35 bbls of liquids per mmcf of natural gas. The final test rates were
30 mmcf/d of natural gas with an estimated 1,050 bbls/d of liquids at
2,250 psi flowing pressure. Bellatrix tied the well in and it was
placed on production in early March at an initial restricted rate of
20.4 mmcf/d of natural gas with an estimated 714 bbls/d of liquids at a
flowing pressure of 2,380 psi.
The Company's current corporate presentation is available at www.bellatrixexploration.com.
Bellatrix Exploration Ltd. is a Western Canadian based growth oriented
oil and gas company engaged in the exploration for, and the
acquisition, development and production of oil and natural gas reserves
in the provinces of Alberta, British Columbia and Saskatchewan. Common
shares and convertible debentures of Bellatrix trade on the Toronto
Stock Exchange ("TSX") under the symbols BXE and BXE.DB.A,
respectively, and the common shares of Bellatrix trade on the NYSE MKT
under the symbol BXE.
Well Test Results and Initial Production Rates Advisory: Any references
in this news release to test production rates or initial production
rates are useful in confirming the presence of hydrocarbons, however,
such rates are not determinative of the rates at which such wells will
continue production and decline thereafter or the ultimate recovery
associated with such wells. Additionally, such rates may also include
recovered "load oil" fluids used in well completion stimulation. While
encouraging, readers are cautioned not to place reliance on such rates
in calculating the aggregate production for the Company.
SOURCE: Bellatrix Exploration Ltd.
Raymond G. Smith, P.Eng., President and CEO (403) 750-2420
Edward J. Brown, CA, Vice President, Finance and CFO (403) 750-2655
Brent A. Eshleman, P.Eng., Executive Vice President (403) 750-5566
Troy Winsor, Investor Relations (800) 663-8072
Bellatrix Exploration Ltd.
2300, 530 - 8th Avenue SW
Calgary, Alberta, Canada T2P 3S8
Phone: (403) 266-8670
Fax: (403) 264-8163
Source: Canada Newswire
(March 11, 2013 - 8:00 AM EDT)
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