Westbridge and Black Pearl Spud Well at Wharton County Field
June 20 2014 - 8:40AM
Marketwired
Westbridge and Black Pearl Spud Well at Wharton County Field
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 20, 2014) -
Westbridge Energy Corporation
(TSX-VENTURE:WEB)(PINKSHEETS:WEGYF)(FRANKFURT:PUQ1) ("Westbridge"
or the "Company") and Black Pearl Holdings, LLC ("Black Pearl") are
pleased to announce the Wharton County #3 ("WC#3") well has been
spud as outlined in the Company's press release dated June 4, 2014.
It is anticipated the target depth of 10,000-feet will be reached
in approximately 14 days.
The WC#3 well will target the Lower Frio section
stratigraphically trapped against the Boling Salt Dome. Westbridge
and Black Pearl anticipate a large portion of the 50 foot section
of reservoir sand will be saturated with light oil. This
expectation is based on an initial production rate of 236 barrels
of oil per day from the Wharton County #1 well on an 8/64ths choke
before the well watered out due to mechanical problems associated
with the completion. The project is located approximately 50 miles
southwest of Houston, Texas and contains all the necessary
infrastructure required to monetize both the oil and gas. In
addition to the WC#3 well, the Wharton County Field potentially has
5 to 6 follow-up drilling locations.
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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