San Telmo Energy Ltd Announces McLeod Production Rate Increases to 2.3mmcf per day
Vancouver, British Columbia (ots/PRNewswire)
San Telmo Energy Ltd. (OTCBB: STUOF; TSX-V: STU) is pleased to announce the elimination of all facility capacity restrictions experienced at our McLeod 6-18-58-13W5 well (6-18), as of December 3, 2004.
McLeod 6-18 has been restricted to between 200mcf/d and 900mcf/d for the last 8.5 months, and is currently producing at approximately 2.3mmcf/d with associated liquids. Rates are being increased gradually, using good production practices, to a stabilized rate of approximately 2.7 mmcf/d.
San Telmo Energy Ltd has a 70% working interest in the McLeod 6-18 well.
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 focused on acquiring, developing and producing proven developed and underdeveloped reserves which offer long term value for the company.
FORWARD-LOOKING STATEMENT
This release may contain forward-looking statements, within the meaning of the "safe-harbour" 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.
Contact:
FOR FURTHER INFORMATION: Corporate Communications, +1(877)-772-9286
info@santelmoenergy.com, or the company website at
www.santelmoenergy.com