Drake Pacific Enterprises Ltd.

Drake Pacific Enterprises Ltd.

September 20, 2007 18:39 ET

Drake Pacific Receives Approval for Waterflood at Carmangay

CALGARY, ALBERTA--(Marketwire - Sept. 20, 2007) - Drake Pacific Enterprises Ltd. (TSX VENTURE:DPE) ("Drake") and its partner, Drumlin Energy Corp., are pleased to announce that approval has been granted by the AEUB for an enhanced recovery (waterflood) program for the two oil wells on the north half of section 9-013-21 W4. Good production practice (GPP) status on the two wells has been granted along with this approval.

Production restrictions were removed September 14, 2007, resulting in continuous production from these wells at their maximum capability while the waterflood operation progresses. This is anticipated to result in additional production of approximately 20 BOPD.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this release.

Contact Information

  • Drake Pacific Enterprises Ltd.
    Roger Penner
    President and Chief Executive Officer
    (403) 263-2173
    (403) 263-8254 (FAX)