Triple Diamond Energy Corporation Pushes Forward Following Setback
Focusing on a New Opportunity After Determining Justice #13-4 a Dry Well
Dallas, TX – August 04, 2011 – Triple Diamond Energy hit total depth on the Justice #13-4 well in Garvin County Oklahoma on Saturday, July 16th, 2011. After analyzing feedback from the operation, the company has determined that the exploratory oil will not produce the minimum oil levels to be economic.
“While this is normal for our industry, the outcome is nonetheless a disappointment,” reports TDE President Chris Jent, “We will simply learn from the experience and make adjustments going forward.”
Triple Diamond Energy has commenced drilling a new well, the Toni #12-1, on July 20th, 2011. Company geologists and geophysicists used seismic and geophysical surveying to explore the area surrounding this new well. The technology provides highly accurate renditions of the geometry of subsurface layers, and should provide additional information that was not available on the Justice #13-4 well. “We believe we have solved the issues from Justice#13-4 with the Toni #12-1, and expect it be a successful well,” says Jent.
Triple Diamond has reported strong trends for the first half of the year, and looks forward to positive results from the new Toni #12-1 well soon.
Triple Diamond Energy broadcasts its activity regularly over the Internet at http://www.tdecorp.com.
About Triple Diamond Energy Corporation
Triple Diamond Energy Corporation (http://www.tdecorp.com/) is located in Dallas, Texas. Privately owned and operated, the oil and gas exploration company offers direct participation programs lead by a team of geologists and field personnel. TDE leverages industry experience to develop oil through operational excellence, creating investment diversification and highly competitive rates of return.
Contact
Chris Jent
17855 Dallas Parkway, Suite 140
Dallas, TX 75287
1-972-267-8600
cjent@TDEcorp.com
