Solara Exploration Ltd.

Solara Exploration Ltd.

September 01, 2010 12:13 ET

Solara Exploration Announces Update on Current Completion and Drilling Operations

CALGARY, ALBERTA--(Marketwire - Sept. 1, 2010) - Solara Exploration Ltd. ("Solara" or the "Company") (TSX VENTURE:SAA.A) (TSX VENTURE:SAA.B) announces that it has recently completed the drilling and casing of its horizontal well as a potential Cardium oil well in the Pembina (Buck Lake) area of Alberta. The Company is currently in the process of fracing and completing the well for production. Solara anticipates that this activity will be completed within the next several days and will report the results at that time. The Company is also currently completing two recently drilled oil wells for production on its Dewberry Project located in eastern Alberta. Over the past several months, Solara has drilled and completed for production eight (8) oil wells on its operated Dewberry Project in addition to the two wells which it is currently completing. As well, the Company is in the process of drilling another well on the project. Solara will report on the results of all of these activities in the very near future. The Company also has plans to drill a horizontal well into the Dina formation on its 100% owned lands at Dewberry in early October, 2010. This horizontal well is designed to follow up on its original new Dina oil pool discovery in July in which the Company currently has two producing conventional oil wells.

About Solara Exploration

Solara Exploration is a publicly traded junior oil and gas company focused on the exploration, development and acquisition of oil and natural gas in Western Canada.

54,197,937 Class A Shares
986,700 Class B Shares


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

  • Solara Exploration Ltd.
    Donald R. Holding
    President and Chief Executive Officer
    (403) 537-0458
    (403) 537-0462 (FAX)
    Solara Exploration Ltd.
    1800, 444 - 5th Avenue S.W.
    Calgary, Alberta, Canada T2P 2T8