NuLoch Resources Inc.

NuLoch Resources Inc.

February 18, 2010 20:06 ET

NuLoch Resources Provides Saskatchewan Update

CALGARY, ALBERTA--(Marketwire - Feb. 18, 2010) - NuLoch Resources Inc. (TSX VENTURE:NLR.A)(TSX VENTURE:NLR.B) drilled a 100% working interest Three Forks Sanish well at 91/05-02-001-10W2. The well has a 1,065 metre horizontal leg. On January 15, 2010, NuLoch reported on the results of the first five fracture stimulation stages that were undertaken at the toe of the well. After first oil was recovered, the well averaged 114 barrels of oil per day with a 66% water cut during 73.5 hours of testing. The remaining 878 metres of the horizontal leg were isolated from the previous completion and fracture stimulated on January 30 and January 31, 2010 in 19 separate stages. First oil was obtained on February 2, 2010 and a total of 1,300 barrels of oil was recovered over a 117 hour test period for an average of 267 barrels per day.

The plug isolating the first 187 metres of the well was removed and the well was returned to test on February 14 and, after swabbing load water for three days, the well began to flow and, in 14 hours, recovered oil at a rate of 220 barrels per day. The well is currently flowing up 2 7/8 inch tubing through a 28/64 inch choke into temporary facilities with a 54% water cut. Water recoveries to date are 67% of the total load fluid injected. Pumping equipment and permanent production facilities are currently being installed.

As previously reported, NuLoch drilled a horizontal Middle Bakken well (70% working interest) at 91/11-02-001-09W2 in December 2009, on the eastern edge of the Company's land block, six miles from the 05-02 well. The drilling rig then moved to 91/16-06-001-09W2 (70% working interest) where a horizontal Three Forks Sanish well was drilled in 19 days. Both of these wells are currently awaiting completion with multi-stage fracture stimulation.

On February 15, 2010 NuLoch spud a well at 91/12-12-001-10W2 (70% working interest) targeting the Three Forks Sanish.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • NuLoch Resources Inc.
    R. Glenn Dawson
    President and CEO
    (403) 920-0455
    (403) 920-0457 (FAX)
    NuLoch Resources Inc.
    2200, 444 - 5th Avenue SW
    Calgary, Alberta T2P 2T8