Pinedale Energy updates on production flow test from a horizontal well
Friday, Nov 17, 2017
Pinedale Energy Limited ("Pinedale" or the "Company") (TSXV: MCF), is pleased to provide an update on 2017 development and exploration activities occurring at the Company's non-operated working interest properties situated in the Pinedale gas field area, southwest Wyoming.

Pinedale Horizontal Program Update

Pinedale Energy owns a 7.939458% non-operated working interest in a two-mile horizontal well that was drilled on the east flank of the Pinedale anticline and on November 8, 2017 provided an update that the well was flowing back at a rate of 21 million cubic feet of natural gas equivalent per day ("MMcfe/d") with flow rates still increasing.

The Warbonnet 9-23-A-1H well continues to flow-back on test with flow rates increasing and as of November 14 had achieved a 24-hour test rate of 42 MMcfe/d.  Flow-back parameters include a gas rate of 38 MMcf per day, a condensate rate of 700 barrels per day, or 18 barrels per MMcf, and a flowing casing pressure of 3,000 psi.   A controlled choke flow rate on November 15 was 46 MMcfe/d with only 17% of the frac fluid recovered and flowing pressures above normal. The operator expects to flow-back the horizontal well for several more weeks.

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