03:14 PM EST - Tanager Energy Inc. : reported that Tanager has completed the production test on its first well at Joffre at a stabilized rate of 290 BOE/d (235 barrels per day of oil and 325 mcf/d of gas). Tanager is the operator and holds a 50% interest in this project with Viking Investments Group, Inc. holding the other 50%. The flowing wellhead pressure was stable at 475 psi, estimated to be a 7.7% drawdown of the reservoir. The fluid produced was 100% high gravity oil. On a metric equivalent basis this is 52.5 cubic metres oil equivalent per day at 3265 kpa flowing wellhead pressure. Tanager Energy Inc.
shares V.TAN are trading up $0.025 at $0.07.