Magnum Commences Oil Production
February 13 2008 - 6:52PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (the "Company") is pleased to report
that the previously announced Cardium exploratory well has now been
placed on production. The operator has informed Magnum that free
flowing flush production exceeded initial flow test rates reported
in news release on December 20, 2007. Production on the well will
be restricted as required by regulations until such time that the
operator receives Good Production Practices (GPP) approval from the
EUB, which usually takes about 30 days. All facilities are in place
for full production rates once the approval is received.
The TSX Venture Exchange has neither approved or disapproved the
contents of this press release.
Contacts: Magnum Energy Inc. Richard Nemeth (604) 669-3155
Magnum Energy Inc. Allan Thompson (604) 669-3155 (604) 669-3177
(FAX) Email: athompson@magnumenergyinc.com Website:
www.magnumenergyinc.com Coal Harbor Communications Dale Paruk (604)
662-4505 or Toll Free: 1-877-642-6200 (604) 662-4547 (FAX) Email:
dale@coal-harbor.com