10:37 AM EST - WestFire Energy Ltd. : provided an operational update on its third quarter 2011 activities. The three months since acquiring Orion Oil and Gas Corporation effective June 30, have been the most active for WestFire in its history. A total of 53 (44.8 net) development wells were drilled consisting of 50 (42.0 net) oil wells and three (2.8 net) gas wells for a 100 percent success rate. The majority of the wells, or 43 (35.0 net) horizontal oil wells, targeted the Viking light oil resource play. Seventeen (16.0 net) wells were drilled at Redwater while six (6.0 net) were drilled at Provost and 20 (13.0 net) wells were drilled in west central Saskatchewan. WestFire Energy Ltd.
shares T.WFE are trading down $0.13 at $4.79.
