Tanager Announces Test Results Confirming Yegua Discovery in Raptor A #1 Well in Polk County, Texas

February 15, 2017

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CALGARY, ALBERTA–(Marketwired – Feb. 15, 2017) – Tanager Energy Inc. (“Tanager” or the “Corporation“) (TSX VENTURE:TAN) is pleased to announce a new field discovery in the Raptor A #1 well, the first Yegua sandstone well to be drilled in its Polk County, Texas venture with Paleo Oil Company, LLC (“Paleo“). Tanager owns a fifty percent (50%) working interest in the Raptor A #1 well. The well was completed at a measured depth of 2,580-2,592 feet and flow tested over a four day period. The Raptor A #1 tested 1,685 mcf gas per day on an 18/64 choke with stabilized flowing pressure of 915 psi, bottom hole pressure of 1,054 psi, and a calculated Absolute Open Flow Rate (AOF) of 9,750 mcf gas per day. Paleo, the fifty percent (50%) working interest partner and the operator of the Raptor A #1, is currently assessing two alternative gas pipeline connection sales points within 1.5 miles of the Raptor A lease. Tanager will provide an update as to timing of construction of the gas sales line when further material information becomes available.

Category: General