Standard Exploration Ltd
TSX VENTURE : SDE

Standard Exploration Ltd

October 27, 2011 11:16 ET

Standard Exploration Ltd. Enters Into A Farmin Agreement Targeting the Montney Formation

CALGARY, ALBERTA--(Marketwire - Oct. 27, 2011) - Standard Exploration Ltd. (the "Corporation") (TSX VENTURE:SDE), has entered into an arm's length farmin agreement in the Normandville area of Alberta on 1,920 acres of prospective lands.

Under the terms of the agreement, the test well will earn a 100% working interest in 640 acres and each well thereafter will earn and additional 640 acres.

The play is seismically supported and offsetting production rates range from 80 – 150 bbls a day of 37 degree API, sweet crude oil. Depending on the drilling results, Standard Exploration has identified 10 potential horizontal well locations on the farmin lands. Standard Exploration will act as operator on the farmin lands.

The agreement supports Standard Exploration's growth strategy of acquiring high working interest, low-risk, light oil opportunities in areas where horizontal drilling and multi-stage fracing technology maximizes recovery from proven reservoirs.

The Corporation is a Canadian based oil and gas corporation with operations in Alberta, Canada and is traded on TSX Venture Exchange. The Corporation's public filings may be found at www.sedar.com.

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

Contact Information

  • Standard Exploration Ltd.
    Ronald P. Wiebe
    President & CEO
    403-262-4450