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Abstract
(Marketwire - Dec. 3, 2007) - Triangle Petroleum Corporation (the "Company" or "Triangle") (OTCBB:TPLM) is pleased to report that it has commenced a slickwater fracture completion program on the first of its two exploration test wells at the Company's 516,000 gross acre shale gas project in Nova Scotia, Canada.
Triangle has successfully performed two large hydraulic fracture stimulation treatments on Kennetcook #1, the Company's first exploration test well located on its Windsor Block land position in Nova Scotia. Kennetcook #1 was rig released on September 15 after reaching a total depth of 4,390 feet. This initial test well was extensively cored over an interval of 1,150 feet. The cores have been analyzed by US based labs to determine total organic content, mineralogy, porosity, gas content and mechanical rock properties.
Triangle's completion team was closely supported by key engineering advisors with established track records in successful shale gas well completions. Both stages of the completion were successfully pumped: the first stage used 850,000 gallons of water and 560,000 pounds of sand, and the second stage used 660,000 gallons of water plus 386,000 pounds of sand. Total flow back of these stimulation fluids is expected to take at least several weeks, and then the Company anticipates reporting a gas flow test rate over a 30 day period.