Wild Stream Exploration Inc. Announces Shaunavon Exploration Success and Land Sale Results

Wild Stream Exploration Inc. ("Wild Stream") (TSX VENTURE:WSX) Wild Stream is
pleased to announce a successful exploration program and land sale purchase in
its core area of Shaunavon, in southwest Saskatchewan.


Wild Stream drilled two exploration wells in the Shaunavon area ahead of the
December 6, 2010 crown land sale. Both wells showed positive oil production
results. Based on the success of the exploration wells, Wild Stream was active
at the December 6, 2010 land sale and purchased approximately 45 net sections of
land in the area of the exploration success for a total consideration of $20.2
million.


Based on our internal estimates, the lands have greater than 60 net risked
horizontal oil drilling locations of which approximately 10 will be drilled in
2011. The success of the land sale has resulted in Wild Stream increasing its
2010 capital program budget guidance to a total of $120 million.


As a result of the land sale Wild Stream's total net acreage position in our
core Shaunavon area has expanded by 75% to greater than 100 net sections.


Wild Stream continues to be a pure play resource oil company. We have a defined
resource oil drilling inventory that includes in excess of 460 net horizontal
oil locations representing in excess of $600 million of potential capital
expenditures. This multi-year inventory sets the stage for continued growth for
2011 and beyond. 


We remain committed to increasing shareholder value through a combination of
exploration, strategic acquisitions and subsequent exploitation while
maintaining a conservative approach to balance sheet management.


FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements concerning the expansion
of its capital budget and potential increases in drilling activity. The
forward-looking statements contained in this document are based on certain key
expectations and assumptions made by Wild Stream, including expectations and
assumptions concerning future drilling locations, the success of future drilling
and development activities and, the performance of new wells. Although Wild
Stream believes that the expectations and assumptions on which the
forward-looking statements are based are reasonable, undue reliance should not
be placed on the forwardlooking statements because Wild Stream can give no
assurance that they will prove to be correct. Since forward-looking statements
address future events and conditions, by their very nature they involve inherent
risks and uncertainties. Actual results could differ materially from those
currently anticipated due to a number of factors and risks. These include, but
are not limited to, risks associated with the oil and gas industry in general
(e.g., operational risks in development, exploration and production; delays or
changes in plans with respect to exploration or development projects or capital
expenditures; the uncertainty of estimates and projections relating to
production, costs and expenses), commodity price and exchange rate fluctuations
and uncertainties resulting from potential delays or changes in plans with
respect to exploration or development projects or capital expenditures. The
forward-looking statements contained in this document are made as of the date
hereof and Wild Stream undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of new
information, future events or otherwise, unless so required by applicable
securities laws.

Wild Stream Exploration Inc. (TSXV:WSX)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024