12:27 PM EST - Forest Gate Resources Inc. : reports that its joint venture natural gas well at its Kelsey property in Central Alberta has been successfully tied-in and is currently producing. Recent pipeline construction and facilities installations were completed at Kelsey 1-23-43-18 W4. The well is currently flowing approximately 194,000 cubic feet per day on a constrained basis. Once facilities are optimized, the gas volume is expected to increase. Based on testing, the well is estimated to be able to produce in the 250,000 to 300,000 cubic feet per day range. The Kelsey well in which Forest Gate owns a 38-per-cent interest, represents Forest Gate's third joint venture agreement with Calgary-based Emerald Bay Energy Inc. Forest Gate Resources Inc.
shares V.FGT are trading up $0.005 at $0.02.
