03:49 PM EST - Second Wave Petroleum Inc. : announced that it has drilled and completed its first successful Judy Creek Beaverhill Lake horizontal oil well under the terms of its previously announced Joint Venture and Farm-Out Agreement. The well was drilled from the surface location of 04-31-063-09W5 with the final bottom hole located at 15-36-063-10W5. The 15-36 well was drilled by Second Wave to a total depth of 4,005 metres and will qualify for a 5% incentive royalty rate for 42 months or 90,000 boe of production, whichever comes first. Second Wave Petroleum Inc.
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