CALGARY, Oct. 31 /PRNewswire-FirstCall/ - San Telmo Energy Ltd.
(OTCBB: STUOF; TSX-V: STU) is pleased to announce the results of its two well
summer drilling program.
The Teepee Creek and Gordondale Wells have been cased to total depth and
evaluated. Initial testing results indicate that San Telmo Energy can
anticipate an incremental uplift of approximately 125 boe/d to 175 boe/d net
sales production from the Teepee Creek well. It is anticipated that production
will be onstream early in the new year.
Management does not believe that the Gordondale well is commercially
viable at this time.
ABOUT SAN TELMO ENERGY LTD.
San Telmo Energy Ltd. is an emerging oil and gas company with an
experienced management team. Operated through its wholly owned subsidiary San
Telmo Energy Inc. of Calgary, Alberta, San Telmo Energy Ltd. is focussed on
production of, exploring for, and developing reserves which offer long term
value for the company.
FORWARD-LOOKING STATEMENT
This release may contain forward-looking statements, within the meaning
of the "safeharbour" provision of the Private Securities Litigation Reform Act
of 1995, regarding San Telmo Energy's business or financial condition. Actual
results could differ materially from those described in this news release as a
result of numerous factors, some of which are outside of the control of the
company.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
SOURCE San Telmo Energy Ltd.
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CONTACT:
San Telmo Energy Corporate Communications,
1-866-880-5670, Email: corporate@santelmoenergy.com; To find out
more about San Telmo Energy Ltd. (OTCBB: STUOF, TSX-V: STU) visit
our website at http://www.santelmoenergy.com
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