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NLR.B Nuloch Resources

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Share Name Share Symbol Market Type
Nuloch Resources TSXV:NLR.B TSX Venture Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

NuLoch Resources Provides Operations Update

11/05/2010 12:10am

Marketwired Canada


NuLoch Resources Inc. (TSX VENTURE:NLR.A) (TSX VENTURE:NLR.B) reports that its
second well at Tableland, Saskatchewan achieved an average production rate of
186 barrels per day (130 b/d net) of crude oil over 30 producing days. The water
cut was 65% at the end of the period. This horizontal well was fracture
stimulated in 27 stages using 10 tonnes of ceramic proppant in each stage.
Details of the 205 b/d 30-day production rate on the first well (1.0 net) at
Tableland were released on March 29, 2009.


NuLoch has three additional wells in completion or early production phases in
the Three Forks Sanish formation in Saskatchewan. The sixth well in the program
is being drilled with a further two wells planned for the second quarter. NuLoch
has a 70% working interest in all of these horizontal wells.


A multi-stage fracture stimulation completion, in the Middle Bakken formation,
of an additional horizontal well (0.7 net) drilled in January 2010 is planned
for this month.


North Dakota

Since January 1, 2010, NuLoch has participated in the drilling of five (0.5 net)
horizontal Three Forks Sanish wells in North Dakota with three different
operators. These wells include a long-reach horizontal on 1280 acre spacing that
has been fracture stimulated in 30 high-tonnage stages. The well is now in the
early stages of flowing back stimulation fluids.


One operator has contracted a rig for the drilling of six wells in the balance
of 2010. In Divide County, the first horizontal well (0.1 net) will be an offset
to an existing Middle Bakken producer. The next well is planned for the Middle
Bakken in the St. Croix region of Burke County with a working interest of
approximately 15%. The rig is then expected to move back to NuLoch's 10% working
interest lands in Divide County. A second operator is in the midst of a
multi-well program in Divide County. In total, NuLoch expects to participate in
24 (2.5 net) wells in North Dakota in 2010.


NuLoch Resources Inc. is a junior oil and natural gas producer with its head
office in Calgary, Alberta. The company is actively expanding and developing its
strategic properties in North Dakota and Saskatchewan both of which contain the
recognized Bakken Shale and the fast-growing Three Forks Sanish formations of
the mid-continental Williston Basin.


Forward-Looking Statements

Certain statements in this document constitute "forward-looking statements" that
can generally be identified as such because of the context of the statements,
including words indicating that the Company "believes", "anticipates",
"expects", "plans" or words of a similar nature. These forward looking
statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from those expressed or implied by such
forward-looking statements.


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