NEXERA SIGNS CONTRACT FOR HORIZONTAL DRILLING AT STOCKDALE
Nexera Energy Inc. (TSX Venture: NGY, OTC: EMBYF) (the “Corporation”, the “Company” or “Nexera”) is pleased to announce that the Company, in partnership with Alliance Petroleum Interests (“Alliance”) of Dallas, Texas, has signed a drilling contract with Unison Drilling Inc. to commence horizontal drilling operations on three wells at the Company’s Stockdale Horizon project in South Texas. The vertical sections in the Lambeck 1H and Jendgrov 1H were drilled previously, and the Company has now secured the drilling rig and services to complete the horizontal sections in the wells. Once operations commence, drilling the wells to the targeted measured depths of approximately 6,400 feet will take approximately three to six weeks. Upon completing the horizontal sections of Lambeck 1H and Jendgrov 1H, the Company will move the rig to the McGrew 1H well to re-drill and extend the horizontal section of the well.
The three horizontal wells at Stockdale represent the Company’s commitment to a new transformative strategy of drilling high impact horizontal wells as part of the Company’s exploration program in South Texas.
Shelby Beattie, CEO of Nexera commented, “We are excited to see the completion of these three wells as it should add meaningful revenue to Nexera. Our commitment to continue drilling more wells and building the company is our priority and immediate goal. Having established relationships over several decades in Texas firmly positions us to aggressively identify prime drilling targets to continue to increase production,” further added Mr. Beattie.
ABOUT NEXERA ENERGY INC.
Nexera Energy Inc. (TSX Venture: NGY) is an energy company with oil producing properties in Southwest Texas. Nexera is owner and operator of the Lavernia, Wooden Horse and Stockdale Horizon Projects. The Company also owns 100% of Production Resources Inc., a South Texas oil company.
For further information, please contact:
Nexera Energy Inc. President, Shelby D. Beattie, (403) 262-6000, info@nexeraenergy.com, www.nexeraenergy.com.
Investor Cubed Inc. CEO, Neil Simon, (647) 258-3310, nsimon@investor3.ca, www.investor3.ca.
