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Contact Increases Daily Oil Production and Updates Exploration Activities
February 27, 2008, (Calgary, Alberta) Contact Exploration Inc. (“Contact”), (TSX-V: CEX) is pleased to update its shareholders as to the recent increase in daily oil production rate and its exploration activities.
Clarification of January 31, 2008 Update on Nova Scotia Shale Acreage
February 1, 2008, (Calgary, Alberta) Contact Exploration Inc. (“Contact”), (TSX-V: CEX) wishes to retract the statement of the estimated resource range of original gas in place in the Horton Bluff formation as noted in our press release dates January 31
Update on Nova Scotia Shale Acreage
January 31, 2008, (Calgary, Alberta) Contact Exploration Inc. (“Contact”), (TSX-V: CEX) is pleased to announce that Triangle Petroleum Corporation ("Triangle") has reported the analytical results as well as an operational update on the wells drilled inanuary 31, 2008, (Calgary, Alberta) Contact Exploration Inc. (“Contact”), (TSX-V:
CEX) is pleased to announce that Triangle Petroleum Corporation ("Triangle") has reported the analytical results as well as an operational update on the wells drilled in Contact's Windsor Shale Block. Contact holds a 30% non-operated interest and 70% working interest in the Windsor Shale Block. In their release dated January 30,2008, Triangle stated:
Operations, Oil Production and Drilling Update
January 15, 2008, (Calgary, Alberta) Contact Exploration Inc. ("Contact"), (TSX-V: CEX) is pleased to update its shareholders as to progress on the workover project in the Stoney Creek Field, the latest oil production volumes, and exploratory drilling plans in the South Stoney Creek Prospect.
Contact Announces Joint Venture Agreement for Hungarian Shallow Gas Exploration
December 19, 2007, (Calgary, Alberta) Contact Exploration Inc. ("Contact"), (TSX-V: CEX) is pleased to announce that it has signed a Joint Venture Agreement with Toreador Hungary Ltd. (Toreador), for participation in the drilling of two exploratory wells and the acquisition of 170 square kilometers of 3-D seismic in their shallow gas Szolnok prospect.
Commencement of Fracturing Program on Nova Scotia Shale Gas Project
December 3, 2007, (Calgary, Alberta) Contact Exploration Inc. ("Contact"), (TSX-V: CEX) is pleased to announce that Triangle Petroleum Corporation ("Triangle") has reported the commencement of a completion program using a slickwater fracture stimulation procedure on the Kennetcook #1 well in the Windsor Shale Gas Project in Nova Scotia. Contact holds a 30% non-operated interest and Triangle is the operator with a 70% working interest in the Windsor Shale Block.
Oil Production Increases with Acquisition of Saskatchewan Properties
November 19, 2007, (Calgary, Alberta) Contact Exploration Inc. ("Contact"), (TSX-V: CEX) is pleased to announce the purchase of approximately 25 barrels per day of oil production in southeastern Saskatchewan, augmenting Contact's current oil production in New Brunswick.
Contact Exploration Inc. Closes Flow-Through and Unit Financing
November 2, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V: CEX) is pleased to announce it has closed the previously announced brokered private placement through Acadian Securities Inc. of Halifax, Nova Scotia as Agent.
Operations Update on Nova Scotia Shale Acreage
October 31, 2007, (Calgary, Alberta) Contact Exploration Inc. ("Contact"), (TSX-V: CEX) is pleased to announce that Triangle Petroleum Corporation ("Triangle") has reported the finishing of the Kennetcook #2 well, the second of two wells drilled in Contact's Windsor Shale Block. Triangle has also discussed future operations and plans for the prospect. Contact holds a 30% non-operated interest and Triangle is the operator with a 70% working interest in the Windsor Shale Block. In their release dated October 31, 2007, Triangle stated:
Contact Exploration Inc. Announces Increase in Size of Previously Announced Financing
October 30, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V: CEX) is pleased to announce that further to its financing news release of October 15, 2007, subject to regulatory acceptance, Contact has granted Acadian Securities Inc. of Halifax, Nova Scotia an increase in the size of its over allotment option of common share units, such that Acadian may now sell up to an aggregate of 4,000,000 common share units of Contact at a price of $0.40 per unit pursuant to the terms of its engagement. Each unit will consist of one common share and one common share purchase warrant entitling the holder to purchase an additional common share at an exercise price of $0.60 for a period of eighteen months from closing. There is no change to the flow-through component of the financing pursuant to which up to 3,000,000 flow-through common shares at a price of $0.40 per share may be sold (assuming the exercise of Acadian's over allotment option of flow through common shares). In the aggregate, up to $2,800,000 in gross proceeds may be raised pursuant to the financing, representing an increase of $400,000 in the size of the financing referenced in Contact's October 15, 2007 news release.
Commencement of Stoney Creek Workovers
October 22, 2007, (Calgary, Alberta) Contact Exploration Inc. (“Contact”), (TSX-V: CEX) as previously disclosed, is pleased to announce the commencement of our 14 well workover program in the Stoney Creek Field. The service rig has commenced operations on the 14 existing candidate wells in the 100% working interest Stoney Creek Field.
2007 Financing Announcement
Contact Exploration Inc. (TSX VENTURE:CEX) is pleased to annouce that, subject to regulatory acceptance, Acadian Securities of Halifax, Nova Scotia has been engaged as agent to offer a brokered private placement on a reasonable commercial efforts basis of up to $2,000,000, which shall consist of up to 2,500,000 flow-through common shares at a price of $0.40 per share and 2,500,000 common share units at a price of $0.40 per unit.
2007
COPIC Conference Presentation, Oct 3, 2007
Click here to watch the COPIC Conference Webcast!
DRILLING UNDERWAY ON NOVA SCOTIA SHALE ACREAGE
September 6, 2007, (Calgary, Alberta) Contact Exploration Inc. (“Contact”), (TSX-V: CEX) is pleased to announce that Triangle Petroleum Corporation (“Triangle”), has commenced drilling of the Kennetcook #1 well on Contact’s Windsor Block in Nova Scotia.
STONEY CREEK PRODUCTION RESULTS AND FUTURE PLANS
Aug 23, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V: CEX) is pleased to announce its plans to expedite production from the company’s booked reserves of 1.2 million barrels and 6.5 bcf natural gas in the 100% owned Stoney Creek Field.
COMPLETION OF DRILLING OF SHENSTONE G75-2328 WELL IN SOUTH STONEY CREEK
Aug 17, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V: CEX) announces that drilling is now complete on the Shenstone G75-2328 well in New Brunswick. The well was drilled to the limit of the rig capacity at a total depth of 2180 metres and is being suspended while evaluation of the well and surrounding geology is ongoing.
COMMENCEMENT OF DRILLING OF SHENSTONE G75-2328 WELL IN SOUTH STONEY CREEK
Aug 07, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V: CEX) announces drilling commencement on its South Stoney Creek prospect. The Shenstone G75-2328 well is the first well of the company’s proposed two well drilling program on its 35,000 acre South Stoney Creek prospect.
CLARIFICATION OF STONEY CREEK ACREAGE
July 18, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V: CEX) wishes to clarify the acreages of the Stoney Creek area as recently reported. The reserves identified in the press release entitled “Evaluation of Stoney Creek Reserves Complete”, are booked only on the Stoney Creek “field” which is approximately 5,500 acres. The Stoney Creek “area” contains approximately 75,000 acres, which includes, amongst other properties, the Stoney Creek “field”.
EVALUATION OF STONEY CREEK RESERVES COMPLETE
July 16, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V: CEX) is pleased to report the results from the evaluation of its Stoney Creek oil and gas reserves by the independent firm of Martin & Brusset Associates of Calgary.
As stated in the reserves report, which was conducted in adherence with National Instrument 51-101 of the Canadian Securities Administrators, Contact’s 100% working interest Stoney Creek field is estimated to contain proved and probable reserves of 1,207,000 barrels of oil and 6.525 billion cubic feet of natural gas. These ultimate estimated reserves, when discounted at 10% using constant pricing, give a net present value for the field of $31,242,000. The estimates are net values before tax and after royalties.
JOINT VENTURE PARTNER ANNOUNCEMENT FOR SOUTH STONEY CREEK
July 9, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V: CEX) is pleased to report completion of a joint venture partnership agreement with Shoal Point Energy Limited for two exploration wells in the South Stoney Creek area. Shoal Point Energy is actively engaged in exploration in Atlantic Canada and is a Calgary based private company supported by Kingsdale Capital markets Inc. both as financial advisor and lead fundraiser. Shoal Point Energy has agreed to earn a 40% working interest in the South Stoney Creek play and has paid the sum of $2,000,000 and has agreed to a 40% participation in the first two wells of the project. The agreement covers an area of 35,000 acres south of the existing Stoney Creek field.
PRODUCTION APPROVAL GRANTED FOR NEXT TWO WELLS IN STONEY CREEK
June 27, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to report that it has received final regulatory approvals required from the New Brunswick Department of Environment to begin production from its second horizontal Stoney Creek well (I-88-2328) and its first reworked vertical well (N-78-2328). Production has commenced on both wells at its 100% owned Stoney Creek Field located near Moncton, New Brunswick.
EXPANDED SENIOR MANAGEMENT TEAM
June 18, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce the following additions and changes to the management team, effective today...
CONTACT ANNOUNCES FARM-OUT ON WINDSOR
June 11, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce the completion of a farm-out agreement with Triangle Petroleum Corporation (“Triangle”) on Contact’s 516,000 acre shale gas prospect in Nova Scotia. This agreement also relates to a previously announced shale gas farm-out in New Brunswick on March 19th 2007, in which Triangle’s name was purposely withheld until negotiations on this second block of ground were completed. Contact has now secured both agreements with Triangle and looks forward to working with them on these two exciting shale gas prospects.
CONTACT ANNOUNCES PRODUCTION APPROVAL
May 30, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to report that, on May 24, it received the final regulatory approvals required to begin production from its first horizontal Stoney Creek A-89-2328 well and production has commenced.
AMENDMENT OF WARRANT EXPIRY DATE
May 22, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) announces that, subject to regulatory approval, it has extended the expiry date of the following outstanding warrants...
STONEY CREEK OPERATIONS UPDATE
April 23, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) wishes to update the current status of its approval process with respect to placing our Stoney Creek horizontal wells I-88 & A-89 on production as reported on March 8, 2007 . Both wells are located on Contact’s 100% working interest Stoney Creek field located near Moncton, New Brunswick.
CONTACT ANNOUNCES SHALE GAS PLAY FARM OUT
March 19, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) announces that it has entered into a farm out agreement with a U.S. company to conduct exploration activities on Contact’s 100% owned shale gas prospect in New Brunswick.
STONEY CREEK OPERATIONS UPDATE
March 8, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) wishes to update our progress on placing our Stoney Creek horizontal wells I-88 &A-89 on production. Both wells are located on Contact’s 100% working interest Stoney Creek field located near Moncton, New Brunswick.
HEATING AT STONEY CREEK COMMENCES
January 30, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that it has commenced heating operations for horizontal wells number I-88 & A-89, both located at its 100% working interest Stoney Creek field located near Moncton, New Brunswick.
AMENDMENT OF WARRANTS AND GRANT OF OPTIONS
January 22, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) announces that, subject to regulatory approval, it has extended the expiry date of 2,306,250 outstanding warrants from February 16, 2007 to August 16, 2007. The exercise price of the warrants remains $1.20.
1,000 METERS INTERSECTED AT CUMBERLAND CBM PROJECT
January 9, 2007, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to
announce that a third horizontal well has been successfully drilled on its Cumberland property near Springhill, Nova Scotia. Of the three horizontal wells completed to date this latest is considered the most successful with a horizontal section of 1,000 meters in the targeted coal seam. All three horizontal wellbores have been drilled in separate coal seams with substantial open coal drilled in each of them. Surface water and gas-handling facilities have been constructed, and all three wells have been placed on-test as of mid December. It is anticipated that it will take a minimum of three months to evaluate the potential of each zone.
2006
CONTACT EXPLORATION INC. CLOSES UNIT FINANCING
December 28, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) closed on December 21, 2006, a non-brokered private placement, totaling $690,000. The closing consisted of 690,000 Units at a price of $1.00 per Unit. Each Unit consisted of one common share and one-half purchase warrant, each whole warrant entitles the holder to purchase one common share at an exercise price of $1.40 per share expiring June 21, 2008.
CONTACT EXPLORATION INC. CLOSES FLOW-THROUGH FINANCES
December 11, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) has closed on
December 8, 2006 the brokered private placement portion through Acadian Securities Inc. of Halifax, Nova Scotia as Agent, totaling $3,456,997.75. The closing consisted of 3,006,085 flowthrough common shares of Contact at a price of $1.15 per share. The flow-through offering was oversubscribed and Contact at the request of the Agent received TSX Venture Exchange approval to increase the size of the offering from $2,500,000 to $3,000,000 with a corresponding increase in the 20% over-allotment option.
CONTACT EXPLORATION INC. ANNOUNCES $5 MILLION FINANCING
November 27, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) has approved, subject to regulatory approval, brokered and non-brokered private placements totaling $5 million...
CONTACT ACQUIRES COLUMBIA NATURAL RESOURCES
November 20, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce the acquisition of all of the issued and outstanding shares of Columbia Natural Resources Canada Limited (“CNR”), a private company. The consideration paid was a combination of cash and assumption of liabilities.
APPOINTMENT OF SENIOR EXPLORATION GEOLOGIST
November 9, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce the appointment of Edwin MacDonald as Senior Exploration Geologist. Mr. MacDonald will work under the direction of George Langdon, Contact’s Vice President of Exploration and will be responsible for continued development of Contact’s East Coast onshore exploration projects. Mr. MacDonald has over ten years of experience directly related to exploration of the Maritimes Basin.
OPERATIONS UPDATE - STONEY CREEK
October 11, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that the Stoney Creek and area exploration efforts are continuing to progress as per our plan. The A-89-2328 and I -88-2328 horizontal wells have been completed and heat strings installed. Heating equipment is being mobilized for installation to commence an approximate one-month heat cycle. At that point the wells will be placed on test production to evaluate well inflow. It should be noted that the drilling and completion of the first Stoney Creek well completes our earning obligation on the Stoney Creek field meaning we have fulfilled all of our requirements to obtain the 100% working interest in the entire 5,400 acre lease.
DRILLING OF THIRD CBM WELL UNDERWAY AT CUMBERLAND, N.S.
October 3, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that the operator, Stealth Ventures Ltd. (TSX-V:SLV) (“Stealth”) has successfully drilled a 738 metre horizontal lateral in the Number 2 coal seam at the Coalmine Brook #12 drill site at Springhill, Nova Scotia. The service rig is currently on location doing preliminary completion work in anticipation of production testing over the next several months.
EAST COAST OPERATIONS UPDATE
August 21, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that drilling operations have been completed on its second horizontal well (I-88-2328) at the company’s 100% owned Stoney Creek Field in New Brunswick.
SECOND HORIZONTAL WELL UNDERWAY AT STONEY CREEK
July 26, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to
announce that drilling operations on its second horizontal well (I-88-2328) at the company’s 100% owned Stoney Creek Field have commenced.
CLOSING OF PRIVATE PLACEMENT FINANCING
July 21, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce the
closing of a Private Placement financing of $5,000,000 (4,000,000 common shares) previously announced on June 12, 2006. All of the shares issued are restricted from trading until November 18, 2006.
FIRST HORIZONTAL WELL COMPLETED AT STONEY CREEK
July 11, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that drilling operations on its first horizontal well A89-2328 have been completed. A slotted liner has been run in the open-hole section between 925 metres and 1,545 metres which correspond with log information gathered while drilling. The 620 meter intersection has been identified as the optimal producible section within the targeted zone of the first horizontal well. Detailed testing results will not be available until after completion work has finished however log information and down-hole pressures have been encouraging.
DRILLING OPERATIONS RESUME ON STONEY CREEK FIELD
July 4, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that a new drilling rig from Western Canada has been mobilized to the Stoney Creek Field and drilling operations have resumed.
CONTACT ANNOUNCES SHALE GAS PLAY FARM OUT
June 14, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) announces that it has entered into a farm out agreement with two companies to pursue shale gas opportunities on the Contact Windsor Block, NS. Disclosure of the parties involved is withheld for confidentiality reasons at this time.
PRIVATE PLACEMENT FINANCING
June 12, 2006, (Calgary, Alberta) Contact Exploration Inc.(TSX-V:CEX) announces that it intends to proceed with a $5,000,000 Private Placement.
STONEY CREEK RETESTING PROGRAM
May 23, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to provide a further update on the Stoney Creek field. The company is in the permitting phase of a 30 well retesting and work-over program for the Stoney Creek field. After reviewing all technical data, it is Contact’s belief that many of the existing wells have additional production potential from both existing zones and zones that were never adequately tested.
OPERATIONS UPDATE
May 9, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to provide an update on east coast drilling operations.
STONEY CREEK UPDATE
April 11, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) wishes to provide an update on drilling operations at its 100% owned Stoney Creek - Field.
STONEY CREEK DRILLING UPDATE
April 7, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to provide an update on drilling operations at its 100% owned Stoney Creek Field. As announced on March 11th, 2006 Contact Exploration Inc. (“Contact”) commenced its 2006 horizontal
drill program following the utilization of modern technologies that included 3-D seismic and reservoir modeling to select initial locations for its drill program at Stoney Creek.
German version
SPROULE ASSOCIATES CONFIRMS 1.183tcf of DISCOVERED CBM RESOURCES in
CUMBERLAND BASINS
March 22, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is very pleased to announce that Sproule Associates Ltd of Calgary, Alberta (Sproule) has completed its independent third-party study confirming discovered Coal Bed Methane (CBM) resources in the Cumberland Basins (Cumberland property) in Nova Scotia. Total discovered CBM resource in place totals 1.183tcf. Contact’s 25% working interest equates to approximately 296bcf. The report, in its entirety, will be posted to SEDAR (www.sedar.com) and also on Contact’s website
for review.
STONEY CREEK DRILLING COMMENCES
March 13, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that the 2006 drilling program has commenced on the Stoney Creek Field. The Stoney Creek A89-2328 horizontal well commenced drilling operations as of March 11, 2006. It is planned to drill to a true vertical depth of approximately 2,700 feet and drill horizontally for 1,000 to 2,000 feet. Drilling operations are expected to take approximately one month, after which the rig will move to a planned second location. A completion rig will be brought in to complete both wells. Permitting is underway for the production test facilities and equipment procurement is in process.
CUMBERLAND CBM DRILLING UPDATE
February 28, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that Stealth Ventures Ltd. has successfully completed drilling operations at the Springhill, Nova Scotia, location and expects to commence completion and testing operations in the coming month. In accordance with our JV agreement Stealth has successfully completed its farm-in commitment to increase their working interest to 75% in the Cumberland Exploration Permit. Contact retains a 25% working interest in this well and the balance of the 178,000 acre Cumberland property.
CLOSING OF PRIVATE PLACEMENT FINANCING
February 17, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce the closing of a Private Placement financing of $4,000,000 (5,000,000 common shares) previously announced on February 3, 2006.
CONTACT BEGINS TRADING ON FRANKFURT EXCHANGE
February 9, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) announces that effective immediately shares in the company are now quoted on the Frankfurt Stock Exchange under the trading symbol: C9N, or via ISIN: CA2109111039.
PRIVATE PLACEMENT FINANCING
February 3, 2006, (Calgary, Alberta) Contact Exploration Inc.(TSX-V:CEX) announces that it intends to proceed with a $4,000,000 Private Placement of securities.
STONEY CREEK DRILLING LOCATION SELECTED: INITIAL FINANCING COMPLETED
January 10, 2006, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that it has completed a private placement of 1.5 million flow through common shares at a price of $0.80 per flow through share as of December 31, 2005. In connection with the private placement, certain registered dealers were paid a commission representing 6% of the aggregate $1.2 million subscription funds arranged through them. The proceeds of the private placement will be used to drill the first Stoney Creek well. The first horizontal well location has now been selected and permitting is in progress. A drilling rig has been contracted with an anticipated commencement date for drilling by the end of February.
2005
STONEY CREEK 3-D SEISMIC COMPLETED
November 21, 2005, (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that it has completed shooting a 6.6 square mile 3-D seismic survey over the entire New Brunswick Stoney Creek field. Seismic interpretation and reservoir modeling are in progress. Initial results confirm our exploration hypothesis and will allow us to proceed with selecting initial horizontal locations by year-end. This seismic is also being utilized as a template to identify additional Stoney Creek-type plays on our surrounding 60,000 acre land holdings.
STONEY CREEK ACQUISITION
October 6, 2005 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that it has entered into an agreement with a private New Brunswick company to earn their entire interest in the Stoney Creek field, south of Moncton NB. Under the terms of the agreement, Contact will earn a 100% working interest in the 5,400 acre block subject to a non-convertible overriding royalty payable to the owner.
CLOSING OF PRIVATE PLACEMENT FINANCING
September 30, 2005 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce the closing of a Private Placement financing of $1,000,000.
CLOSING OF PRIVATE PLACEMENT FINANCING
June 29, 2005 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce the closing of a Private Placement financing of $500,000.
NEW BRUNSWICK WELL COMPLETION UPDATE
May 18, 2005 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) announces that the Contact MBA Gautreau F-59-2328 well has been completed and tested in three intervals covering over 27 metres of potential pay. Completion operations included perforating the above intervals and running recorders to measure pressure build-ups. Sampling of gas and oil recoveries and flow testing were also carried out. Results of the completion indicated that both oil and gas were present but rates of recovery without stimulation were not economic. Contact and its partners will review the information over the next month to see if further stimulation of one or more zones is economically viable.
FIRST NEW BRUNSWICK WELL COMMENCES COMPLETION
April 11, 2005 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that completion operations have commenced on the Contact MBA Gautreau F-59-2328 well which was drilled and cased to a planned depth of 564 metres in February, 2005. Completion operations, which will include perforating and testing at least 2 prospective hydrocarbon zones, are anticipated to take approximately 2 weeks.
NEW BRUNSWICK WELL CASED FOR COMPLETION
February 14, 2005 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that the Contact MBA Gautreau F-59-2328 well (previously referred to as the Contact-MBA Dover #101) has been drilled to the planned total depth of 564 meters. Electric logs were run to assist in identifying prospective horizons and production casing has been cemented to the total depth. During drilling, the well could not be adequately tested as planned due to hydrocarbon inflow. The production casing that has been run will allow the zones to be individually completed and adequately tested. As in the well that was being twinned, several hydrocarbon zones were encountered that warrant completion and testing which will be carried out as soon as suitable equipment can be sourced.
FIRST NEW BRUNSWICK WELL TO COMMENCE DRILLING
February 1, 2005 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that the surface casing has been set and cemented for the Contact - MBA Dover #101 well. The drilling rig is currently on-site rigging up and is expected to commence drilling February 1, 2005. Drilling operations are anticipated to take approximately two weeks. Completion and testing operations will follow after the drilling rig is released. This well is the first of potentially two wells that will be drilled to evaluate two separate prospects under a farmout agreement with MBA Energy Corporation, a wholly owned subsidiary of MBA Gold Corp. (TSX-V:MBA ("MBA")).
2004
OPERATIONS UPDATE
December 16, 2004 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to provide the following operations update...
CLOSING OF PRIVATE PLACEMENT FINANCING
November 1, 2004 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce the closing of it's previously announced (September 7, 2004) Private Placement financing of $500,000.
PRIVATE PLACEMENT FINANCING
September 7, 2004 (Calgary, Alberta) Contact Exploration Inc.(TSX-V:CEX) announces that it intends to proceed with a $500,000 Private Placement consisting of up to 1,250,000 Units to be priced at $0.40 per Unit. Each Unit will comprise either one flow through common share of the Company or one non-flow through common share and one half common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share at a price of $0.60 per share, exercisable for a period of one year from the date of issue.
OPERATIONS UPDATE
August 18, 2004 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that it has entered into a farmout agreement with MBA Energy Corporation a wholly owned subsidiary of MBA Gold Corp. (TSX-V: MBA) ("MBA") on the Dover and Gautreau onshore oil and gas projects in Eastern New Brunswick. Dover and Gautreau are contiguous 3 section parcels located 2 km east of the Stoney Creek field which produced approximately 1 million barrels of oil and 30 BCF of gas prior to its abandonment in the late 1980's. Stoney Creek primarily serviced the City of Moncton approximately 15 km to the North, but the area is also situated 25 km South-West of the Maritimes and North Eastern pipeline which currently delivers offshore gas to the North-Eastern United States.
OPERATIONAL UPDATE - PARSONS POND #1
May 10, 2004 (Calgary) Contact Exploration Inc. (TSX-V:CEX) reports that core plugs from the Parsons Pond # 1 well, drilled in West Newfoundland, were analyzed to determine their velocity profiles so they could be compared with the estimates utilized in the original seismic interpretation. Estimates were used in the interpretation since there have been no wells drilled previously in this area with either core or log data available. The results show that the upper sands in the well, which were encountered in greater thickness than anticipated, were also lower velocity than estimated. This means that the targeted highly reflective zone at 870 meters was actually the Cow Head limestone, penetrated at 635 meters. The prospective Daniel's Harbour Member was thus not encountered in the tested fault block. There are no immediate plans to deepen the well, but further evaluation will address the possibility of deeper targets at this location.
OPERATIONAL UPDATE - PARSONS POND #1
April 13, 2004 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) announces the Parson's Pond #1 well currently being drilled in West Newfoundland encountered a fault zone at approximately 1,060 meters that prevented further drilling with the existing drill string. In order to allow for drilling deeper into the Daniel's Harbour target zone and or a completion for potential up hole horizons the drill string was cemented in place.
APPOINTMENT OF DIRECTOR
April 1, 2004 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce the appointment of Derek Byrne to its Board of Directors.
CLOSING OF PRIVATE PLACEMENT FINANCING
March 25, 2004 (Calgary, Alberta) Contact Exploration Inc.(TSX-V:CEX) is pleased to announce the closing of it's previously announced (January 15, 2004) Private Placement financing of $500,000.
CONTACT ACQUIRES COALBED METHANE EXPLORATION AGREEMENT- SPRINGHILL, NOVA SCOTIA
March 22, 2004 (Calgary, Alberta) Contact Exploration Inc. (TSX-V: CEX) is pleased to announce that it has been successful at a recent Crown land posting in acquiring the rights to explore for coalbed methane on 177,000 acres in the Cumberland Basin located in the Springhill area of Nova Scotia. AMVEST Nova Scotia, Inc. will be a 50% working interest partner with Contact. This acquisition brings Contact's gross land position in Nova Scotia to approximately 2.2 million acres.
CONTACT ESTABLISHES NEW CORE EXPLORATION AREA IN NEW BRUNSWICK
March 15, 2004 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) is pleased to announce that it has been successful in acquiring approximately 28,000 acres in 4 blocks at the February 10, 2004 New Brunswick land sale. This acquisition is in addition to 22,000 acres that was acquired through a private company in late 2003 bringing Contact's land holdings in this new core area to 50,000 acres.
PARSONS POND (WEST NEWFOUNDLAND) DRILLING COMMENCES
March 8, 2004 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) announces that on March 5, 2004 the Parsons Pond, West Newfoundland, #1 well commenced drilling below surface casing that had been previously set to a depth of 110 metres. The well is being drilled with a coring rig that will provide continuous core over the entire well depth and has been designed so that it may be cased and completed for production. The well is projected to be drilled to a depth of 1,200 metres and is expected to take approximately 45 days to drill and evaluate. Contact is the operator of the drilling program.
PRIVATE PLACEMENT FINANCING
January 15, 2004 (Calgary, Alberta) Contact Exploration Inc. (TSX-V:CEX) announces that it intends to proceed with a $500,000 Private Placement consisting of up to 1,250,000 Units to be priced at $0.40 per Unit. Each Unit will comprise either one flow through common share ("Common Share") of the Company or one non-flow through Common Share and one half common share purchase warrant ("Warrant"). Each whole Warrant will entitle the holder to purchase one Common Share at a price of $0.60 per share, exercisable for a period of one year from the date of issue.
2003
CLOSING OF CONVERTIBLE DEBENTURE FINANCING
December 1, 2003 (Calgary, Alberta) Contact Exploration Inc.(TSX-V:CEX) announces closing of its previously announced (November 10, 2003) $250,000 Convertible Debenture Private Placement.
CONVERTIBLE DEBENTURE FINANCING
November 10, 2003 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN:CEX) announces that it intends to proceed with a $250,000 Convertible Debenture Private Placement.
ONSHORE NOVA SCOTIA DRILLING UPDATE
September 29, 2003 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN: CEX) announces that its joint venture well with Oiltec Resources Ltd. ("Oiltec" (TSX:OTC)) of Calgary, Alberta did not encounter oil or gas in commercial quantities and has been abandoned.
ONSHORE NOVA SCOTIA DRILLING COMMENCES
September 23, 2003 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN: CEX) is pleased to announce that its joint venture well with Oiltec Resources Ltd. ("Oiltec" (TSX:OTC)) of Calgary, Alberta commenced drilling on September 18, 2003. The Cogmagun #1 well is located approximately 20 kilometers east of Windsor, Nova Scotia. This well is targeting a Windsor oil bearing reef. Projected well depth is approximately 900 meters. Contact has a 10% carried interest in the well and will be participating by paying 9% of the well cost to earn an additional 51/2% . The well is expected to take approximately 3 weeks to drill and evaluate.
ONSHORE NOVA SCOTIA DRILLING & SEISMIC STATUS UPDATE
August 21, 2003 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN: CEX) is announcing that their joint venture well drilled by Vintage Petroleum Canada Inc. ("Vintage") did not encounter oil or gas in commercial quantities and has been abandoned.
ONSHORE NOVA SCOTIA DRILLING COMMENCES
July 22, 2003 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN: CEX) is pleased to announce that its joint venture well with Vintage Petroleum Canada Inc. commenced drilling on July 21, 2003. The Beach Hill #1 well is located approximately 5 kilometers south and east of Antigonish, Nova Scotia. This well is targeting a Windsor oil bearing reef with secondary Horton gas potential. Projected well depth is approximately 1,500 meters. Contact has a 20% carried interest in the well. The well is expected to take approximately 4 weeks to drill and evaluate.
ONSHORE NOVA SCOTIA DRILLING & SEISMIC STATUS UPDATE
June 26, 2003 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN: CEX) is pleased to announce that its joint venture with Vintage Petroleum Canada Inc. is proceeding on schedule. A drilling site has been selected approximately 5 kilometers south and east of Antigonish, Nova Scotia and lease preparation has been completed. A tentative mid July spud date is projected based on rig availability. This well is targeting a Windsor oil bearing reef with secondary Horton gas potential. Projected well depth is approximately 1,500meters. Contact has a 20% carried interest in the well. In addition to the drilling Vintage has commenced permitting a 90 kilometer seismic program on three additional exploration blocks where Contact has a carried 25% interest. Shooting of seismic is anticipated to commence in early August.
CONTACT ANNOUNCES ONSHORE NOVA SCOTIA JOINT VENTURE #2
March 24, 2003 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN: CEX) is pleased to announce that it has signed an agreement with Oiltec Resources Ltd. ("Oiltec"(TSX:OLT)) of Calgary to further develop Contact's 515,960 acre Windsor exploration block onshore Nova Scotia. Oiltec has committed to drill a Windsor reef test with an anticipated start date in the third quarter of 2003. The approximate well depth will be 1,500 metres. Contact will be carried for a 10% working interest in the drilling and completion of the well and will be participating to earn an additional 5.5%.
CONTACT ANNOUNCES ONSHORE NOVA SCOTIA JOINT VENTURE #1
March 17, 2003 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN: CEX) is pleased to announce that it has signed an agreement with a mid-sized U.S. based independent oil and gas company (the "Company") to further develop four (4) exploration blocks onshore Nova Scotia. The blocks involved are referred to as the Antigonish, Bras d' Or, Sydney and Pictou blocks. These blocks encompass 1,521,489 acres. The Company has committed to drill a Windsor reef test on the Antigonish block to an approximate depth of 1,500 metres with an anticipated start date in the third quarter of 2003. In addition, the Company has committed to conducting a minimum of 60 km of seismic and spending $450,000 for additional geological and geophysical work on the other three blocks. Contact will be carried for a 20% working interest in the drilling and completion of the Antigonish well and will also be carried for a 25% working interest in the seismic and other exploratory work. The Company will have the option to drill a well on each of the other blocks, at no cost to Contact, to earn a 75% interest in each block drilled.
CONTACT EXTENDS EXPIRY DATE OF PURCHASE WARRANTS
January 23, 2003 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN: CEX) is pleased to announce that it has received regulatory approval to extend the expiry date of 576,000 purchase warrants which were originally issued on December 31, 2001. The purchase warrants were to expire December 31, 2002 however this date has been extended to June 30, 2003. Each purchase warrant entitles the holder to acquire one common share at an exercise price of $0.75 per common share.
2002
CONTACT SUCCESSFUL BIDDER AT LAND SALE
December 19, 2002 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN: CEX) is pleased to announce that it was the successful bidder on three petroleum exploration permits located onshore West Newfoundland. The three permits cover approximately 161,000 acres and bring Contact's gross acreage position in West Newfoundland to approximately 246,000 acres.
CONTACT PURCHASES GAS PROPERTY, CLOSES FINANCING
October 21, 2002 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN: CEX) announces that it has acquired a 100% working interest in a producing gas well in North Central Alberta for $130,000. The well will add approximately 25 BOE/D to Contact's Western Canadian production base.
CONTACT SUCCESSFUL BIDDER - ONSHORE NOVA SCOTIA LAND SALE
October 15, 2002 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN:CEX) is pleased to announce that it was the successful bidder at a recent Nova Scotia onshore land sale where it acquired a 220,000 acre exploration parcel referred to as the Sydney Block.
CONTACT EXPLORATION EAST COAST UPDATE
September 25, 2002 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN:CEX) announces that it has successfully negotiated with a major industry partner, a farmin on three exploration blocks covering approximately 1.6million acres onshore Nova Scotia. These blocks are referred to as the Windsor, Antigonish and Bras d' Or blocks.
FLOW THROUGH PRIVATE PLACEMENT
August 29, 2002 (Calgary, Alberta) Contact Exploration Inc. (TSX-VEN:CEX) announces that it intends to proceed with a $350,000 Private Placement consisting of up to 1,000,000 Flow Through Common Shares to be priced at $0.35 per Share.
INDIAN HEAD #1 - WESTERN NEWFOUNDLAND
February 6, 2002 (Calgary, Alberta) Contact Exploration Inc. (the "Corporation") announced today that it has suspended the Indian Head #1 well at a depth of 804.6 meters and has released the Lan Tech Longyear 50 rig. The Company is encouraged by the geological information from the continuous coring operation and plans a seismic program at Harry's River late winter or early spring of 2002. The coring data will be combined with the seismic interpretation and a decision will then be made to re-enter and deepen the Indian Head #1.
CONTACT INITIAL FINANCING CLOSED
January 8, 2002 (Calgary, Alberta) Contact Exploration Inc. (the "Corporation") is pleased to announce the initial closing of the sale of $1,350,250 of its securities. The initial closing represents the sale of 2,124,000 flow through shares at $0.50 per share and 576,500 Units at $0.50 per Unit (each Unit consisting of one common share and one warrant exercisable at $0.75 for a period of 12 months). The offering has been extended with a final closing scheduled for February 28, 2002.
2001
CONTACT EXPLORATION FILES PRELIMINARY PROSPECTUS
November 29, 2001 (Calgary, Alberta) Contact Exploration Inc. ("Contact") is pleased to announce that it filed a preliminary prospectus with the Alberta Securities Commission for the sale of a minimum of 3,400,000 and a maximum of 6,000,000 securities at an issue price of $0.50 per security. Subscribers may elect to purchase any combination of either: (i) flow-through common shares in the capital of the Corporation; or (ii) units of the Corporation, each Unit being comprised of one common share and one common share purchase warrant. One Warrant will entitle the holder thereof to acquire an additional Common Share at a price of $0.75 per share for a period of 12 months from the closing of the Offering. The price of the securities was determined by negotiation between the Corporation and Raymond James Ltd. who are acting as Agent in connection with this offering.
CONTACT EXPLORATION INC. AND CANADIAN IMPERIAL VENTURE CORP. TO SPUD INDIAN HEAD NO. 1 WELL, NOVEMBER 2001
October 22, 2001 (Calgary, Alberta) Contact Exploration Inc. ("Contact") of Calgary, Alberta and Canadian Imperial Venture Corp. ("Canadian Imperial") of St. John's, Newfoundland are pleased to announce that an agreement has been reached between the two companies to conduct a multi-well program on Canadian Imperial's Harry's River Block (Permit #96-108). Indian Head No. 1, the first of three planned wells on the permit, will spud on or before November 15th, 2001.
CONTACT FINANCING CLOSED
August 21, 2001 (Calgary, Alberta) Contact Exploration Inc. (the "Corporation") is pleased to announce the closing of its previously announced (July 16, 2001) private placement of 2,000,000 Flow-Through Special Warrants issued at a price of $0.30 per Special Warrant. Each Special Warrant is exercisable for one common share at no additional cost. The private placement was fully subscribed for gross proceeds of $600,000.
NOVA SCOTIA FARMORUT AGREEMENT
July 16, 2001 (Calgary, Alberta) Contact Exploration Inc. (the "Corporation") is pleased to announce that it has entered into a farmout with a major oil and gas company to explore for oil and gas in the Colchester and Pictou Counties in Nova Scotia.
ENGAGEMENT OF GEOLOGICAL CONSULTANT
July 9, 2001 (Calgary, Alberta) Contact Exploration Inc. (the "Corporation") is pleased to announce the engagement of Mr. George S. Langdon as the Corporation's Canadian East Coast geological consultant. Mr. Langdon is a professional geologist and received his Ph.D. in Earth Science from Memorial University in Newfoundland. He has over 20 years of experience in East Coast Canadian oil and gas exploration. Mr. Langdon will be instrumental in the Corporation's efforts to geographically diversify its oil and gas exploration activities to include areas of Eastern Canada.
2000
GRANT OF STOCK OPTIONS
November 20, 2000 (Calgary, Alberta) Contact Exploration Inc. announces the grant of stock options to the President of the Corporation, Mr. Terry Brown and to Mr. Allen Saurette, a director of the Corporation. Neither has been granted options since joining the Board of Directors in January, 2000.
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