Angle Energy Inc. (T.NGL) hit a new 52-week high of $8.65 ; Angle Energy Inc. reported operational results in two of the Company's major project areas. In the Lone Pine Creek project area, Angle has completed testing its second horizontal Wabamun gas well (100% working interest).
The well, spudded in December 2009, displays approximately double the production capability of the initial horizontal well announced November 2, 2009. Flow rates for the test were restricted to 5 MMscf/d at high flowing pressures, due to ERCB regulatory restrictions when flaring test gas.
The well flowed over a period of four days through 4 1/2" tubing, recovering all the load fluid post multi-stage acid fracturing, and stabilized at 3 MMscf/d and 66 bbl/d condensate at a flowing pressure twice as high as the original horizontal well. The gas produced on test was sweet, with no hydrogen sulphide present.
Tethys Petroleum Ltd. (T.TPL) hit a new 52-week high of $1.42; Tethys Petroleum Limited announced the initial results of testing on the upper zone of the AKD01 oil discovery in Kazakhstan.
The upper zone flowed oil at a restricted rate of over 5,400 barrels per day. Combined with the recent testing on the lower zone the AKD01 well has now flowed oil at a combined rate in excess of 6,800 barrels per day.
Open Text Corp (T.OTC) hit a new 52-week high of $49.25; no news announcements today
IESI-BFC Ltd. (T.BIN) hit a new 52-week high of $18.11; no news announcements today
Brookfield Properties Corp. (T.BPO) hit a new 52-week high of $13.96; no news announcements today
Zarlink Semiconductor Inc. (T.ZL) hit a new 52-week high of $1.37; no news announcements today
Innergex Renewable Energy Inc. (T.INE) hit a new 52-week high of $8.20; no news announcements today
Leon’s Furniture (T.LNF) hit a new 52-week high of $12.48; no news announcements today
