Westbridge Announces Mobilization of Work Over Crew and Equipment for Bivens Field
April 08 2014 - 7:29AM
Marketwired
Westbridge Announces Mobilization of Work Over Crew and Equipment
for Bivens Field
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 8, 2014) - As an
update to its news release dated March 18, 2014, Westbridge Energy
Corporation (TSX-VENTURE:WEB)(PINKSHEETS:WEGYF)(FRANKFURT:PUQ1)
("Westbridge" or the "Company") alongside Black Pearl Holdings, LLC
("Black Pearl") is pleased to announce the mobilization of a work
crew and the Baker Hughes's STIMGun propellant-assisted perforating
system to the Bivens Field in Beauregard Parish, Louisiana. The
work crew and equipment are scheduled to be on location by the end
of the week. Production results will be available several days
after the work over of the Olympia Minerals #2 ("OM#2") well has
been completed.
Westbridge and Black Pearl also anticipate securing a work crew
and fracture equipment for the 11,300' sand of the Olympia Minerals
#1 ("OM#1") well at Bivens Field in the near term. Similar to the
OM#2, Baker Hughes will be conducting this work over.
Management Commentary
Mr. Tosan Omatsola, President and CEO of Westbridge, comments:
"The work over of the wells at Bivens Field will mark a significant
step forward for Westbridge and its partnership with Black Pearl
Holdings, LLC. It is anticipated these work overs will produce
results similar to the initial production rates at the time these
wells were drilled and may provide cash flow sufficient to sustain
the ongoing operations of both companies. The OM#1 had initial test
rates of 240 barrels of oil per day and 1 million cubic feet of gas
per day and the OM#2 had initial test rates of 160 barrels of oil
per day and 800 thousand cubic feet of gas per day."
For additional information, readers are invited to review
additional corporate and property information available at
Westbridge's website at:
www.westbridgeweb.com
On behalf of Westbridge Energy Corporation,
Tosan Omatsola, President and Chief Executive Officer
Darren Collins, Vice President, Business Development
Neither 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.
Forward-Looking Statements
This news release contains "forward-looking statements" within
the meaning of the United States Private Securities Litigation
Reform Act of 1995 and "forward looking information" within the
meaning of the British Columbia Securities Act, the Alberta
Securities Act and the Ontario Securities Act. Generally, the words
"expect", "intend", "estimate", "will" and similar expressions
identify forward-looking information. By their very nature,
forward-looking statements are subject to known and unknown risks
and uncertainties that may cause our actual results, performance or
achievements, or that of our industry, to differ materially from
those expressed or implied in any of our forward looking
information. Statements in this press release regarding
Westbridge's business or proposed business, which are not
historical facts, are forward-looking information that involve
risks and uncertainties, such as estimates and statements that
describe Westbridge's future plans, objectives or goals, including
words to the effect that Westbridge or management expects a stated
condition or result to occur. Since forward-looking statements
address events and conditions, by their very nature, they involve
inherent risks and uncertainties. Actual results in each case could
differ materially from those currently anticipated in such
statements. Investors are cautioned not to place undue reliance on
forward-looking statements, which speak only as of the date they
are made. All of the Company's Canadian public disclosure filings
may be accessed via www.sedar.com and readers are urged to review
these materials, including the technical reports filed with respect
to the Company's oil and gas properties. The foregoing commentary
is based on the beliefs, expectations and opinions of management on
the date the statements are made. The Company disclaims any
intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events
or otherwise.
Westbridge Energy CorporationTosan OmatsolaPresident and Chief
Executive Officer+1 604 638
9378tomatsola@westbridgeweb.comWestbridge Energy CorporationDarren
CollinsVice President, Business Development+1 604 638
9378dcollins@westbridgeweb.comwww.westbridgeweb.com
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