Forest Gate Drills Kelsey Well In Alberta
Thursday, August 21st 2008
Forest Gate reports that the prospective natural gas well in Township 43, Range 18 at Kelsey, Alberta was recently drilled, logged, and cased. The logs and geological data support the original optimism and show good potential for natural gas. Perforation and testing operations are scheduled to commence August 22nd.
The Kelsey well, in which Forest Gate has a 38% interest, represents Forest Gate’s third joint venture agreement with Emerald Bay Energy Inc., Calgary.
“In less than ten months, we have successfully added oil and gas production with our properties in Alberta,” said Michael Judson, President and CEO of Forest Gate. “We are hopeful that Kelsey will join the ranks of Ferrybank and Nevis, and provide yet another opportunity to increase our existing revenue generating production.”
Forest Gate Resources Inc. is an international oil & gas exploration company. The company is seeking to increase shareholder value through participation and development of oil & gas exploration and production projects in Ireland and Canada. The Company’s shares trade under the symbol FGT on the TSX Venture Exchange.
