Canadian Spirit Resources Inc.
TSX VENTURE : SPI
PINK SHEETS : CSPUF

Canadian Spirit Resources Inc.

September 27, 2010 11:35 ET

Canadian Spirit Resources Inc. Announces Update of Horizontal Montney Wells

CALGARY, ALBERTA--(Marketwire - Sept. 27, 2010) - Canadian Spirit Resources Inc. ("CSRI" or the "Corporation") (TSX VENTURE:SPI) (PINK SHEETS:CSPUF) is pleased to announce that further to the news release issued on August 26th, Canbriam Energy BC Partnership, the operator, was successful in its efforts to fracture stimulate three additional stages of a lower Montney horizontal well at the c-A48-I/94-B-1 location in the Farrell Creek area of northeastern British Columbia. The initial productivity was consistent with the results of the previous five stages flow tested in the c-A48-I well (approximately 1 mmcf/d per stage).

In addition, drilling operations associated with the lower Montney horizontal well located at b-17-I and the upper Montney horizontal well located at c-A18-I are now complete. Production casing has been run in each well. It is anticipated that both of these wells, along with the previously drilled c-18-I well, will be fracture stimulated beginning in October. The drilling rig that was released from the c-A18-I well is currently being moved to a pad location at c-45-I where an upper Montney horizontal well is expected to be spud within the next few days.

CSRI is a natural resources company focusing on the identification and development of opportunities in the unconventional gas sector of the energy industry. The mission of the Corporation is to develop 1 trillion cubic feet of natural gas from resource plays in western Canada.

Information regarding CSRI is available on SEDAR at www.sedar.com or the Corporation's website at www.csri.ca.

On behalf of the Board of Directors,

CANADIAN SPIRIT RESOURCES INC.

"Don Gardner", Chief Executive Officer

The corporate information contained in this news release may contain forward-looking forecast information. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonably accurate by CSRI at the time of preparation, may prove to be incorrect. The actual results achieved during the forecast period will vary from the information provided herein and the variations may be material. Consequently there is no representation by CSRI that actual results achieved during the forecast period will be the same in whole or in part as those forecast.

NEITHER THE 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

  • Canadian Spirit Resources Inc.
    Phil Geiger
    (403) 539-5005
    (403) 262-4177 (FAX)
    phil.geiger@csri.ca
    or
    Canadian Spirit Resources Inc.
    Don Gardner
    Chief Executive Officer
    (403) 539-5005
    (403) 262-4177 (FAX)
    don.gardner@csri.ca
    or
    Canadian Spirit Resources Inc.
    Adam Buchanan
    Investor Relations
    (403) 539-5005
    (403) 262-4177 (FAX)
    adam.buchanan@csri.ca
    www.csri.ca