Kallisto Recovers Oil from Crossfield 16-26 Elkton Test

Kallisto Energy Corp. (TSX VENTURE:KEC) ("Kallisto" or the "Company") is pleased
to announce that it has recovered 32 degrees API Elkton crude oil during
operations to recover fluids used in the 16-26-027-01W5 ("16-26") completion.
The recovery of crude oil from the 16-26 well is consistent with Kallisto's
geological interpretation that the well would encounter a down-dip Elkton oil
leg. The interpreted oil leg is on the same trend as multiple reservoirs that
have similar characteristics.


Completion operations included specialized logs, perforation and acid treatments
and recording of pressure information, all consistent with industry practices
and the conditions of the 16-26 well license. The Company is continuing
completion and testing operations on the 16-26 well to determine productivity.
Further information will be made available as it is obtained and evaluated. 


Kallisto is a Calgary-based junior resource company engaged in the exploration,
development and production of oil and natural gas, primarily in Alberta.


Forward Looking Information 

The reader is advised that some of the information contained herein may
constitute forward looking statements within the meaning assigned by National
Instrument 51-102 and other relevant securities legislation. It includes, but is
not limited to, statements with respect to Kallisto's evaluation of results from
the completion of the 16-26 well, the interpreted Elkton oil leg and the
potential of future commercial oil production from the 16-26 well.
Forward-looking information is frequently characterized by words such as "plan",
"expect", "project", "intend", "believe", "anticipate", "estimate", "scheduled",
"potential", or other similar words, or statements that certain events or
conditions "may", "should" or "could" occur. Forward-looking information is
based on the Company's expectations regarding its future growth, results of
operations, production, future capital and other expenditures (including the
amount, nature and sources of funding thereof), competitive advantages, plans
for and results of drilling activity, environmental matters, business prospects
and opportunities. Such forward-looking information reflects management's
current beliefs and assumptions and is based on information currently available
to it. The reader is cautioned that assumptions used in the preparation of such
information, although considered reasonable by the Company at the time of
preparation, may prove to be incorrect and readers are cautioned not to place
undue reliance on forward-looking information, which speaks only as of the date
hereof. The Company does not undertake any obligation to release publicly any
revisions to forward-looking information contained herein to reflect events or
circumstances that occur after the date hereof or to reflect the occurrence of
unanticipated events, except as may be required under applicable securities
laws.


Forward-looking information involves significant known and unknown risks and
uncertainties. A number of factors could cause actual results to differ
materially from the results discussed in the forward-looking information
including risks associated with the impact of general economic conditions,
industry conditions, governmental regulation, volatility of commodity prices,
currency fluctuations, imprecision of reserve and resource estimates,
environmental risks, competition from other industry participants, the lack of
availability of qualified personnel or management, stock market volatility and
the Corporation's ability to access sufficient capital from internal and
external sources. Additional risks and uncertainties are described in the
Company's and Annual Information Form dated April 30, 2013 which is filed under
the Company's SEDAR profile at www.sedar.com.


NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM
IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Kallisto Energy Corp.
Robyn Lore
President and Chief Executive Officer
(403) 237-9996
(TSXV:KEC)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024