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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Trivello Energy Inc. | TSXV:TRV | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
Trivello Energy Corp. (TSX VENTURE:TRV) ("Trivello" or the "Company") announces that a partner meeting was held on September 11, 2008 pertaining to the Company's Lucy Gas Property in the Horn River region of northeast British Columbia, Canada. At the meeting, the partners discussed and finalized the completion plans for one of the Company's two Gas Test Wells drilled. The completion program involves a vertical Fracture Stimulation (or "Frac") on the a-79-A/94-P-04 Gas Test Well. The operator is currently sourcing services and material needed in order to conduct this operation. The Company anticipates the Frac to be conducted in late November, early December, 2008. Upon a successful stimulation, the operator will test flare the well over an allowable time in order to obtain test flow rates needed to determine sufficient economic deliverability of gas in order to make the decision to tie the well into a nearby gas pipeline traversing the Lucy property. This planned test and development program could be one of the first in the Horn River region to be put on commercial production and would begin to validate the overall reserves in the area. Upon a successful completion, the Lucy prospect will become one of Trivello's major assets for production or disposition in the near term. Trivello recently received approval for its "experimental scheme license for the exploration and development of Horn River shale gas" from B.C. Oil and Gas Commission ("OGC"). The Company owns an earned 10% working Interest in the Lucy Property consisting of three sections of land. A comprehensive 51-101 compliant Engineering Report on the above property has been filed on www.sedar.com. To read more about the Company's projects, please visit www.trivello.com. On behalf on the Board of Directors: Arndt Roehlig, President
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