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Altima (ARH.V) Updates Status of Horizontal Well at Chambers-Ferrier, Alberta and Ann

Discussion in 'Stock Market News & Analysis' started by mickymoose99, Dec 5, 2012.

  1. mickymoose99

    mickymoose99 Member

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    Altima (ARH.V) Updates Status of Horizontal Well at Chambers-Ferrier, Alberta and Announces the Grant of Stock Options


    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 5, 2012) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces that the Operator of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well completed 124.5 hours of production testing on November 26, 2012. The subject well is a confidential New Pool Wildcat (NPW), in which Altima holds a 30% working interest in the well and 2,560 acres of surrounding lands with the operator.

    The well tested varying amounts of natural gas and associated high API condensate with no water recovery over the test period. Down-hole pressure recorders were run at the conclusion of the testing operation and will be recovered for analysis in late December. It is anticipated that pipelining will commence in Q1 2013, with production to follow in the first quarter.

    On November 15, 2012, the Company announced it had licensed a New Pool Wildcat well at Chambers, Alberta. The well, Altima Chambers 14-35-41-11 W5M, is anticipated to be drilled in Q1 2013 to a depth of 3,065 meters into the Nordegg formation. Altima has a 100% Working Interest in the subject well and offsetting section. The 14-35 well is located approximately 5 kilometers to the north of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well.

    The Company's mostly contiguous land base at Chambers-Ferrier totals twenty (20) sections (12,800 gross acres) with an approximate average working interest of 97.2% in 10 of the 20 sections and varying interests in eight (8) wells.

    Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

    Grant of Stock Options:

    The Company also announces the grant pursuant to a Fixed Stock Option Plan (the "Fixed Plan"), of options entitling eligible participants to purchase up to 12,000,000 common shares at an exercise price of $0.10 per share for a three year term expiring December 4, 2015. Under the Fixed Plan, the Company has reserved 19,500,000 common shares for issuance, 400,000 of which are currently outstanding. Following this stock option grant a balance of 7,100,000 remains available for future grants.

    ON BEHALF OF THE BOARD

    Joe DeVries, Director
     
  2. mickymoose99

    mickymoose99 Member

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    Altima (ARH.V) Announces Initiation of Drilling of the 14-35 Well at Chambers-Ferrie

    Altima (ARH.V) Announces Initiation of Drilling of the 14-35 Well at Chambers-Ferrier, Alberta

    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 12, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces the Altima Chambers 14-35-41-11 W5M well is anticipated to spud within the third week of February. Road and lease construction has commenced and a rig contracted. The 14-35 well is to be drilled to a depth of approximately 3,090 meters into the Nordegg formation.

    The 14-35 well will be the first well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. Ltd. (refer to News Release January 24, 2013). The 14-35 well is located approximately 5 kilometers to the north of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well drilled and completed in 2012.

    The Company's mostly contiguous land base at Chambers-Ferrier totals twenty (20) sections (12,800 gross acres) with an approximate average working interest of 97.2% in 10 of the 20 sections and varying interests in eight (8) wells.

    Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

    ON BEHALF OF THE BOARD

    Joe DeVries, Director
     
  3. mickymoose99

    mickymoose99 Member

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    Altima (ARH.V) Spuds Chambers 14-35-41-11 W5M Well

    Altima (ARH.V) Spuds Chambers 14-35-41-11 W5M Well

    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 19, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) ( announces the Altima Chambers 14-35-41-11 W5M well spud on February 16, 2013 and drilled to a depth of 632 meters where casing was set. The 14-35 well is to be drilled to a depth of approximately 3,090 meters into the Nordegg formation.

    The 14-35 well is the first well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. Ltd. (refer to News Release January 24, 2013). The 14-35 well is located approximately 5 kilometers to the north of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well drilled and completed in 2012.

    The Company's mostly contiguous land base at Chambers-Ferrier totals twenty (20) sections (12,800 gross acres) with an approximate average working interest of 97.2% in 10 of the 20 sections and varying interests in eight (8) wells.

    Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101
     
  4. mickymoose99

    mickymoose99 Member

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    Altima (ARH.V) Announces Chambers, Alberta 14-35-41-11 W5M Well Drilled and Cased

    Altima (ARH.V) Announces Chambers, Alberta 14-35-41-11 W5M Well Drilled and Cased

    VANCOUVER, BRITISH COLUMBIA--(Marketwire - Mar 5, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(ARSLF)(FRANKFURT:AKC) announces that the Altima Chambers 14-35-41-11 W5M well was drilled to a Total Depth (TD) of 3,201m Measured Depth, casing set to TD, and Rig Released (RR) on February 28, 2013.

    Rick Switzer, President and CEO reported: "Altima, in only twelve days, has drilled and cased a directional well faster than anyone else in the area. There are 93 wells drilled within a 10km radius of the 14-35 Chambers well, averaging depths around 3,100 meters and ranging from 24 to 66 days to drill - averaging around 43 days. Our Engineers researched, planned, and implemented techniques and systems for directional drilling, mud systems and overall drilling techniques that may now be standard bearers for industry to follow. Everyone involved not only carried out their jobs at high and efficient levels, but also safely. Altima extends its thanks to all those individuals who made drilling this well so successful."

    As reported in the Company''s February 19, 2013 News Release, the 14-35 well is the first well drilled under Altima''s Participation Agreement with Whistler Oil and Gas Pty. Ltd., and is located approximately 5km to the north of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well that was drilled and completed in 2012.

    The Company''s mostly contiguous land base at Chambers-Ferrier totals twenty (20) sections (12,800 gross acres) with an approximate average working interest of 97.2% in 10 of the 20 sections and varying interests in nine (9) wells.

    Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.
     
  5. mickymoose99

    mickymoose99 Member

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    Altima (ARH.V) Places Chambers, Alberta 15-35-41-11 W5M Well On-Stream and Updates 14

    Altima (ARH.V) Places Chambers, Alberta 15-35-41-11 W5M Well On-Stream and Updates 14-15-41-11 W5M Pipeline and Facilities Construction


    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 5, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH) (FRANKFURT:AKC) (ARSLF) announces Altima and its joint venture partner Whistler Oil and Gas Pty. Ltd., have reached a milestone in their Chambers Alberta operations, by initiating natural gas and gas condensate sales from the 15-35-41-11W5M well. During the last month, the pipeline and production facilities were completed connecting the 14 -35 well into Altima's 6.4 kilometer pipeline system to the Baytex header at 4-4-42-10 W5M. Gas and condensate is then moved through the Keyera North Strachan Gas Gathering System to the sales point at the Keyera deep cut facility located at 11-35-37-9 W5M.

    On September 4th, the 15-35 well was placed on-stream initiating sales of gas and condensate. The well was brought on-line at a restricted rate of approximately 3MMcf/d to ensure liquids lifting.

    The Company also announces that pipeline and facilities construction for the COPOL 14-15-41-11 W5M well is anticipated to begin in the second week of September. Production is expected to commence by mid to late October through the COPOL compressor facility at 9-4-41-11 W5M.

    ON BEHALF OF THE BOARD

    Rick Switzer, President & CEO

    Neither the 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.

    This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks relating to: availability of capital and financing required to continue the Company's exploration and development plans; general economic, market or business conditions; the actual results of current and planned exploration activities; fluctuating commodity prices; risks associated with property option agreements, leases, joint ventures and the ability to conclude joint venture agreements on favorable terms; possibility of accidents, equipment breakdowns and delays during exploration; exploration cost overruns or unanticipated costs and expenses; regulatory changes and restrictions including in relation to environmental liability; timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.


    Contact:

    Altima Resources Ltd.
    Rick Switzer
    President & CEO
    (604) 718 2800 Ext 301
    www.altimaresources.com
     
  6. mickymoose99

    mickymoose99 Member

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    Altima (ARH.V) Announces Production Start-Up of the Chambers Alberta Area Horizontal

    Altima (ARH.V) Announces Production Start-Up of the Chambers Alberta Area Horizontal 14-15-41-11 W5M Well







    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 4, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces the ALTIMA ET AL HZ CHAMBERS 14-15-41-11 W5M well, surface location 1-16-41-11 W5M (the Well") was placed on production November 1, 2013.

    The Company commenced construction of the 3.78 km Pipeline and Facilities for the Well on September 25, 2013 through a participation agreement (the "Agreement") between Acumen Energy Partners Inc. ("Acumen"), and Altima, (the "Company"). The Agreement grants Acumen the right to earn a 5% working interest (the "Acumen Interest") of the Company's 30% working interest in the ALTIMA ET AL HZ CHAMBERS 14-15-41-11 W5M Well and four sections of the associated pooled lands (the "Pooled Lands") located in the Chambers-Ferrier area of the Western Canada Sedimentary Basin, Alberta (refer to News Release August 26, 2013 for details).

    The Company (70%) and Acumen (30%) will initially receive 100% of the revenue pursuant to a penalty payout agreement with ConocoPhillips Canada. After payout of the penalty, Altima will retain 25% working interest in the Well and the Pooled Lands (refer to News Release January 24, 2013) and Acumen will hold 5% working interest.

    ON BEHALF OF THE BOARD

    Rick Switzer, President & CEO
     
  7. mickymoose99

    mickymoose99 Member

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    Altima Enters (TSX VENTURE:ARH) - (PINKSHEETS:ARSLF) Into Amending Agreement for the

    Altima Enters (TSX VENTURE:ARH) - (PINKSHEETS:ARSLF) Into Amending Agreement for the Drilling of the 05-35-41-11 W5M and the 09-35-41-11 W5M Wells to Be Drilled at Chambers-Ferrier, Alberta




    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 13, 2013) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces that it has entered into an Amending Agreement (the "Amending Agreement") to the Participation and Joint Venture Agreement (the "JV Agreement") with Whistler Oil and Gas Pty. Ltd. ("Whistler") (see News Release dated January 24, 2013).

    The JV Agreement provides that Whistler was granted the right to earn a 50% working interest (the "Working Interest") in three (3) conventional vertical wells (the "Future Wells") to be drilled on the Company's currently held oil and gas leases located in the Chambers-Ferrier area of the Western Canada Sedimentary Basin ("WCSB"), Alberta (the "Project").

    The Amending Agreement provides that Whistler has agreed to invest additional funds estimated to be $7,000,000 (the "Additional Investment") for the drilling of the 05-35-41-11 W5M and the 09-35-41-11 W5M vertical wells. Of the Additional Investment, $1,000,000 (which was payable on execution of the Amending Agreement) will be a refundable deposit, with the balance $6,000,000 being due and payable on or before January 17, 2014. The parties have agreed that in the event an anticipated financing for Whistler's participation on January 4, 2014 does not occur, Whistler has the right to notify Altima that it is unable to complete the Additional Investment. Altima will then be free to either drill the wells for its own interest or to find an alternative partner to complete the drilling of the wells. Upon completion of either of these arrangements, Altima will reimburse Whistler for the funds advanced.

    Pursuant to the Amending Agreement, Whistler has agreed to pay from its Investment 100% of the Drilling, Completion and Equipping costs (as those terms are defined in CAPL-2007) of each Future Well drilled in the Project to earn its 50% Working Interest, provided that Whistler shall receive 60% of the net revenue from the 15-35-41-11 W5M well, and 75% of the net revenue from the 05-35-41-11 W5M and the 09-35-41-11 W5M wells, until it has recovered 100% of its Initial Investment in the 15-35-41-11 W5M, the 05-35-41-11 W5M and the 09-35-41-11 W5M wells.

    Upon Whistler having earned a 50% Working Interest in the 15-35-41-11 W5M well, the 05-35-41-11 W5M well, and the 09-35-41-11 well, Altima has agreed to deliver such documentation as is required to transfer to Whistler an undivided 50% Working Interest these three wells and a 50% working interest in Section 35-41-11 W5M upon the three wells being completed for production.

    ON BEHALF OF THE BOARD

    Joe DeVries, Director
     
  8. mickymoose99

    mickymoose99 Member

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    Altima (ARH.V) Announces Drilling and Pipeline Construction at Chambers, Alberta With

    Altima (ARH.V) Announces Drilling and Pipeline Construction at Chambers, Alberta With Whistler Oil and Gas Pty. Ltd.




    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 21, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces that together with its joint venture partner Whistler Oil and Gas Pty. Ltd. ("Whistler") (see Dec.13/13 press release), Altima and Whistler have licensed two new vertical wells in the Chambers-Ferrier area project, Alberta, Canada.

    The 5-35-41-11 W5M well and 9-35-41-11 W5M well (the "Wells") are offsets to the 15-35-41-11 W5M well that Altima drilled with Whistler and placed on stream on September 3, 2013 (see Sept.5/13 press release). The Wells will be drilled vertically to an approximate depth of 3,100 meters, and are expected to encounter multiple prospective horizons, including the productive zones in the 15-35 well.

    Production from the Wells will flow through a 1.4 km pipeline to be constructed from the 5-35 well and tie into Altima's existing 6.4 km pipeline that connects to the Baytex compressor station located at 4-4-42-10 W5M. From the Baytex compressor, gas and liquids will be routed through the Keyera North Strachan Gas Gathering System to the sales point at the Keyera deep cut gas facility located at 11-35-37-9 W5M.

    Rick Switzer, President and CEO of Altima, confirmed that construction of the drilling leases and access road will commence the last week of January, with spud of the 5-35 well targeted for the first week of February. The 9-35 well is anticipated to be drilled immediately after rig release of the 5-35 well.

    Mr. Switzer commented: "We are very pleased with our ongoing relationship with Whistler Oil and Gas Pty. Ltd. Last year we drilled the 15-35 well with Whistler and followed up with the 50/50 purchase of six additional sections adjacent and to the north of section 35. We also will construct the new pipeline under the earning arrangement with Whistler, and barring logistical or weather delay anticipate the new wells will be on production in Q2 2014."

    Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

    ON BEHALF OF THE BOARD

    Joe DeVries, Director
     
  9. mickymoose99

    mickymoose99 Member

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    Altima (TSX VENTURE:ARH) Enters Into Participation Agreement for Rework and Re-Comple

    Altima (TSX VENTURE:ARH) Enters Into Participation Agreement for Rework and Re-Completion of 3-17-41-11 W5M Well at Chambers-Ferrier, Alberta




    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 30, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH) (FRANKFURT:AKC) (PINKSHEETS:ARSLF) announces that it has entered into a Participation Agreement with Acumen Energy Partners Inc. ("Acumen"), pursuant to which Acumen has been granted the right to earn a 20% working interest (the "Working Interest") in the 3-17-41-11 W5M well (the "Well") and section 17-41-11 W5M (the "Lands") located in the Chambers-Ferrier area of the Western Canada Sedimentary Basin, Alberta (the Well and Lands hereinafter referred to as the "Property").

    To earn its Working Interest in the Property, Acumen has agreed to pay 100% of the funds (currently estimated at $1,100,000) required by Altima to re-enter and re-complete and place the Well back into production. Upon Acumen earning the 20% Working Interest, Altima will hold a 65.72% Working Interest. Acumen will then have the right (but not the obligation) to invest additional funds in the Property if required by the Company. Altima will pay Acumen 60% of its net revenue from the Well until Acumen has recovered 100% of its initial and additional (if any) investments.

    ON BEHALF OF THE BOARD

    Joe DeVries, Director
     
  10. mickymoose99

    mickymoose99 Member

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    Altima (ARH.V) Spuds Chambers 5-35-41-11 W5M Well

    Altima (ARH.V) Spuds Chambers 5-35-41-11 W5M Well



    VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 3, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces the Altima Chambers 5-35-41-11 W5M well spud this morning. The 5-35 well is to be drilled to a depth of approximately 3,090 meters into the Nordegg formation.

    The 5-35 well is the second well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. Ltd. (refer to News Releases January 21, January 30, and December 13, 2013). The 5-35 well is located approximately 1.1 kilometers south of the 15-35-41-11 W5M well, which was drilled and completed in 2013, and 4 kilometers to the north of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well that was drilled and completed in 2012.

    The Company's mostly contiguous land base at Chambers-Ferrier totals twenty seven (27) sections (17,280 gross acres) with an approximate average working interest of 84% in 14 of the 27 sections and varying interests in ten (10) wells.

    Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.
     
  11. mickymoose99

    mickymoose99 Member

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    Altima Resources Ltd. (ARH.V) Announces Chambers 5-35-41-11 W5M Well Drilled and Case

    Altima Resources Ltd. (ARH.V) Announces Chambers 5-35-41-11 W5M Well Drilled and Cased



    VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 17, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) was drilled to a Total Depth (TD) of 3,158 meters Measured Depth, casing set to TD, and Rig Released (RR) on March 16, 2014.

    As reported in the Company's March 3, 2014 News Release, the 5-35 well is the second well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. Ltd. The 5-35 well is located approximately 1.1 kilometers south of the 15-35-41-11 W5M well (which was drilled, completed, and placed on production in 2013), and 4 kilometers to the north of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well (which was drilled and completed in 2012, and placed on production in 2013).

    Rick Switzer, President and CEO reported: "The 5-35 well targeted multiple objectives. Preliminary log analysis indicates multiple horizons to be completed through fracture stimulation and the well is scheduled to be placed on production in Q2 2014. The 5-35 well will produce through a new 1.37 Km pipeline to be constructed in conjunction with new production facilities. The new line will tie into Altima's existing Chambers North production and gathering system."

    The Company's mostly contiguous land base at Chambers-Ferrier totals twenty seven (27) sections (17,280 gross acres) with an approximate average working interest of 84% in 14 of the 27 sections and varying interests in eleven (11) wells.

    Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release
     
  12. mickymoose99

    mickymoose99 Member

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    Altima (TSX VENTURE:ARH) Update Regarding Chambers Area Well and Pipeline Transfers

    Altima (TSX VENTURE:ARH) Update Regarding Chambers Area Well and Pipeline Transfers



    VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 14, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces that the Company has accepted the Transfer and Operatorship of three wells and two associated pipeline Licences from Unbridled Energy Corporation. The transfer is part of a process Altima has initiated to enable evaluating the on-stream potential of the subject wells. Altima holds an average Working Interest of 80.52% in the three wells being 90.34% in 3-17-41-11 W5M, 90.89% in 6-18-41-11 W5M, and 60.00% in 16-21-41-11 W5M.

    A total of 1.93 kilometers of pipeline has been transferred and an additional 2.4 kilometers licensed for a future tie in of the 6-18 well to the 3-17 header. Altima has also undertaken an evaluation of constructing an estimated 3.37 kilometers of new pipeline from the 16-21 well to the header at 1-16-41-11 W5M which is part of the pipeline infrastructure Altima constructed in October 2013 in bringing the 14-15-41-11 W5M well on stream. The 16-21 well is completed and fracture stimulated in the Elkton formation.

    The Company also plans to workover the 3-17 well and bring it back on-stream through its existing 1.9 km pipeline to the COPOL compressor at 9-4-41-11 which is connected to the Keyera Strachan sales point. An evaluation will be done on the 6-18 well to determine the feasibility of working over and tying in the Elkton zone and/or re-completing the well uphole.

    The Company's mostly contiguous land base at Chambers-Ferrier totals twenty seven (27) sections (17,280 gross acres) with an approximate average working interest of 86% in 16 of the 27 sections and varying interests in eleven (11) wells.

    Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

    ON BEHALF OF THE BOARD SIGNED: "Richard Switzer
     
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    mickymoose99 Member

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    Altima Resources (TSX:ARH) :)ARSLF) Testing Chambers 5-35-41-11 W5M Well and Completi

    Altima Resources (TSX:ARH) :)ARSLF) Testing Chambers 5-35-41-11 W5M Well and Completing Pipeline and Production Facility



    CALGARY, ALBERTA--(Marketwired - Jun 24, 2014) - Altima Resources Ltd. (TSX VENTURE:ARH)(FRANKFURT:AKC)(PINKSHEETS:ARSLF) announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) completed fracture stimulation operations on June 19, 2014. Three separate fracture stimulations treatments were conducted on five formations, and all flowed back gas and liquids. Operations are continuing to mill out plugs and commingle all zones, run production tubing, and perform a flow and build up test on the well.

    Altima has completed the 1.37 kilometer, 4 inch natural gas pipeline from the 5-35 well to a newly constructed riser located at 9-35-41-11 W5M. This infrastructure will connect the 5-35 well into Altima's existing Chambers North production and gathering system. Well site facilities will be installed after the flow test is completed, and the Company anticipates production from the 5-35 well to commence in early July.

    As reported in the Company's March 3 and March 17, 2014 News Releases, the 5-35 well is the second well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. Ltd., and was drilled to a Total Depth of 3,158 meters and Rig Released on March 16, 2014. Under the subject Whistler Agreement, an additional follow up well has been licensed and new well location constructed at 9-35-41-11 W5M.

    The Company's mostly contiguous land base at Chambers-Ferrier totals twenty-seven (27) sections (17,280 gross acres) with an approximate average working interest of 86% in 16 of the 27 sections and varying interests in eleven (11) wells.

    Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

    ON BEHALF OF THE BOARD

    Richard Switzer, CEO and President
     
  14. mickymoose99

    mickymoose99 Member

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    Altima Resources Ltd. (ARH.V) Altima's Chambers 5-35-41-11 W5M Well On-Stream

    Altima Resources Ltd. (ARH.V) Altima's Chambers 5-35-41-11 W5M Well On-Stream



    July 17, 2014 / Altima Resources Ltd. (TSX-V: ARH / FSE: AKC / OTC Pink: ARSLF) announces that the Altima Chambers 5-35-41-11 W5M well (5-35 well) was placed on-stream July 16, 2014.

    The 5-35 well was drilled to a Total Depth (TD) of 3,158 meters Measured Depth and Rig Released (RR) on March 16, 2014. Altima completed a 1.37 kilometer, 4 inch natural gas pipeline from the 5-35 well to a newly constructed riser located at 9-35-41-11 W5M. This infrastructure connects the 5-35 well into Altima's existing Chambers North production and gathering system.

    As reported in the Company's March 3, 2014 News Release, the 5-35 well is the second well drilled under Altima's Participation Agreement with Whistler Oil and Gas Pty. Ltd. The 5-35 well is located approximately 1.1 kilometers south of the 15-35-41-11 W5M well (which was drilled, completed, and placed on production in 2013), and 4 kilometers to the north of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well (which was drilled and completed in 2012, and placed on production in 2013).

    The Company's mostly contiguous land base at Chambers-Ferrier totals twenty-seven (27) sections (17,280 gross acres) with an approximate average working interest of 86% in 16 of the 27 sections and varying interests in eleven (11) wells.

    Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

    ON BEHALF OF THE BOARD

    SIGNED: "Richard Switzer"

    Richard Switzer, CEO and President
     
  15. mickymoose99

    mickymoose99 Member

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    Altima's (TSX-V: ARH / FSE: AKC /OTC Pink: ARSLF) Commences Workover Operations on th

    Altima's (TSX-V: ARH / FSE: AKC /OTC Pink: ARSLF) Commences Workover Operations on the 3-17-41-11 W5M Well at Chambers-Ferrier, Alberta





    Vancouver, BC / TNW-ACCESSWIRE / August 6, 2014 / Altima Resources Ltd. (TSX-V: ARH / FSE: AKC / OTC Pink: ARSLF) announces that it has commenced workover operations on the UNE Chambers 3-17-41-11 W5M well (the "Well"), located in the Chambers-Ferrier area of the Western Sedimentary Basin, Alberta.
    Altima has assumed Operatorship of the Well and will re-enter the well bore, remove existing packers and WR plugs, run tubing, and place the Well on production. The Well will produce through an existing flowline to the Conoco 9-4-41-11 W5M compressor station, which is tied into the Keyera Deep Cut Gas Processing Plant at Strachan.

    The Well was originally drilled by Golden Eagle Exploration to a Total Depth of 3,349 meters and rig released in June 2006. In July-August 2006, the Well was perforated and fracture stimulated in the Rock Creek and tested at a rate of 300 MSCF/D. The Rock Creek was then suspended and the Well recompleted in the Ellerslie sands. In November 2007, the Well was placed on production, and produced through to March 2009. The Ellerslie sands were then suspended and the Second White Specks Formation perforated, after which the Well was left shut in. The current workover will commingle all intervals to enable placing the Well back on production.

    The Well workover is being completed under Altima's Participation Agreement with Acumen Energy Partners Inc. (refer to news release dated January 30, 2014).

    The Company's mostly contiguous land base at Chambers-Ferrier totals twenty-seven (27) sections (17,280 gross acres) with an approximate average working interest of 86% in 16 of the 27 sections and varying interests in eleven (11) wells.

    Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under National Instrument 51-101 responsible for preparing and reviewing the data contained in this press release.

    ON BEHALF OF THE BOARD

    SIGNED: "Richard Switzer"


    Richard Switzer, CEO and President
     
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    mickymoose99 Member

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    Altima's (ARH.V) Completes Workover Operations at Chambers 3-17-41-11 W5M

    Altima's (ARH.V) Completes Workover Operations at Chambers 3-17-41-11 W5M



    November 4, 2014 / TNW-ACCESSWIRE / November 4 2014 / Altima Resources Ltd. (TSX-V: ARH / FSE: AKC / OTC Pink: ARSLF) announces that it has completed work-over operations on the UNE Chambers 3-17-41-11 W5M well.

    Altima, through its joint venture with Acumen Energy Partners Inc. (refer to News Release August 6, 2014) completed work-over and flow-testing operations of the UNE Chambers 3-17-41-11 W5M well on October 30, 2014.

    Rick Switzer, President and CEO of the Company reported that that existing packers and bridge plugs were recovered from the well bore and a total of six intervals were tested. Mr. Switzer commented: "After removing the packers and plugs to bottom, we were encouraged by the results from the first test intervals and made a decision to fracture stimulate an upper zone. The upper most formation was then isolated with a bridge plug set below the perforations and the interval was then fracture stimulated."

    "Subsequent to the frac, much higher than anticipated bottom hole pressure was encountered. It was decided to leave the bridge plug in place and place the upper interval on production. At a later date when the bottom hole pressure has decreased, the Company will re-enter the well bore and remove the bridge plug to open up the bottom formations for commingled production. Although operations after the frac were very challenging, the Company is encouraged with the results."

    Altima will now move forward in placing the well on production through the Conoco 9-4-41-11 W5M compressor station. Production is anticipated to commence within four to six weeks.

    The Company's mostly contiguous land base at Chambers-Ferrier totals twenty-seven (27) sections (17,280 gross acres) with an approximate average working interest of 86% in 16 of the 27 sections and varying interests in eleven (11) wells.
     
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