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Magnum Energy Inc.: Magnum Concludes 3 Well Drilling Program in Sedalia


//business-finance.news-articles.net/content/200 .. oncludes-3-well-drilling-program-in-sedalia.html
Published in Business and Finance on Monday, January 5th 2009 at 12:22 GMT, Last Modified on 2009-01-05 12:23:10 by Market Wire   Print publication without navigation


VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 5, 2009) - Magnum Energy Inc. (TSX VENTURE:MEN) is pleased to announce the conclusion of a successful 3 well drilling program in the Company's Sedalia properties, with all wells being cased. The Company is currently reviewing the drilling logs and will undertake completion operations in the coming weeks.

The Company has also been licensed to re-enter two abandoned wells in the same area. The Company intends to re-enter these wells and evaluate them in the near future. Magnum holds a 100% working interest and is the operator of the properties where this project is being carried out.

In addition, work is progressing to complete testing and obtaining regulatory approval from the ERCB (Energy Resources Conservation Board) to re-activate the gathering system. Once this process has been completed the Company intends to tie-in all completed wells to the gathering system.

The TSX Venture Exchange has neither approved or disapproved the contents of this press release.



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