Bellatrix Exploration Ltd. announces updated well test results
CALGARY, March 11, 2013
TSX, NYSE MKT: BXE
CALGARY, March 11, 2013 /PRNewswire/ - Bellatrix Exploration Ltd. ("Bellatrix"
or the "Company") (TSX, NYSE MKT: BXE) is pleased to announce the well test
results of its most recent long reach Fahler horizontal liquids rich natural
At Ferrier, the Company drilled its first long reach Fahler horizontal liquids
rich natural gas well (100% working interest) to a total depth of 5,205 meters
with a horizontal length of 2,845 meters. The well was fracture stimulated in
36 stages and tested at varying rates over a 6 day period from 10 mmcf/d to 30
mmcf/d of natural gas with an estimated 35 bbls of liquids per mmcf of natural
gas. The final test rates were 30 mmcf/d of natural gas with an estimated
1,050 bbls/d of liquids at 2,250 psi flowing pressure. Bellatrix tied the well
in and it was placed on production in early March at an initial restricted
rate of 20.4 mmcf/d of natural gas with an estimated 714 bbls/d of liquids at
a flowing pressure of 2,380 psi.
The Company's current corporate presentation is available at
Bellatrix Exploration Ltd. is a Western Canadian based growth oriented oil and
gas company engaged in the exploration for, and the acquisition, development
and production of oil and natural gas reserves in the provinces of Alberta,
British Columbia and Saskatchewan. Common shares and convertible debentures
of Bellatrix trade on the Toronto Stock Exchange ("TSX") under the symbols BXE
and BXE.DB.A, respectively, and the common shares of Bellatrix trade on the
NYSE MKT under the symbol BXE.
Well Test Results and Initial Production Rates Advisory: Any references in
this news release to test production rates or initial production rates are
useful in confirming the presence of hydrocarbons, however, such rates are not
determinative of the rates at which such wells will continue production and
decline thereafter or the ultimate recovery associated with such wells.
Additionally, such rates may also include recovered "load oil" fluids used in
well completion stimulation. While encouraging, readers are cautioned not to
place reliance on such rates in calculating the aggregate production for the
SOURCE Bellatrix Exploration Ltd.
Raymond G. Smith, P.Eng., President and CEO (403) 750-2420
Edward J. Brown, CA, Vice President, Finance and CFO (403) 750-2655
Brent A. Eshleman, P.Eng., Executive Vice President (403) 750-5566
Troy Winsor, Investor Relations (800) 663-8072
Bellatrix Exploration Ltd.
2300, 530 - 8^th Avenue SW
Calgary, Alberta, Canada T2P 3S8
Phone: (403) 266-8670
Fax: (403) 264-8163
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