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Calvalley Petroleum Inc.

03:37 PM EST - Calvalley Petroleum Inc. : announced that its Qarn Qaymah-3 well reached total depth of 4,460 metres on February 25. A wellbore cleaning process was then undertaken to remove all drilling solids before commencing logging operations and production testing. The logging program is now underway and is expected to be complete on March 4. The production testing is expected to commence on March 8, and test results will be announced as they are made available. Calvalley Petroleum Inc. shares T.CVI.A are trading up $0.02 at $3.95.