30.11.2015 16:49:27
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DGAP-News: Cardiff Energy Corp
DGAP-News: Cardiff Energy Corp. / Key word(s): Interim Report/Preliminary
Results
Cardiff Energy Corp. Provides Clayton #1H Flow Test Update
30.11.2015 / 16:49
The issuer is solely responsible for the content of this announcement.
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November 30, 2015
Cardiff Energy Corp. Provides Clayton #1H Flow Test Update
Vancouver, BC / November 30, 2015 - CARDIFF ENERGY CORP. (the "Company")
(TSX-V: "CRS", Frankfurt: "C2Z.F", US Pinksheets: "CRRDF") is pleased to
provide a follow up to their November 23, 2015 news release where they
reported that the new Operator of the Clayton #1H, Eastern Shelf Operating
LLC is on site and is commencing work to prepare for the initial production
test.
Senior management of the Company arrived in Runnels County, Texas on Tuesday November 24, 2015 and met with the Operator to go over the initial production test plan. A high powered water and chemical treatment was applied to the Clayton #1H to enlarge the pore spaces and passages through which the Gardiner Lime formation will flow. Following the treatment the crew began to swab the well in preparation for the flow test. The crew worked hard to be in a position to complete the flow test late last week, however, with a severe weather pattern in the forecast and American Thanksgiving the Company with input from the Operator decided to hold off on the test until this week.
At this time Eastern Shelf Operating LLC is back on site and has re-commenced procedure to allow for the initial production test. The results of the test are expected later this week and will be shared with the market as soon as they are available.
To learn more about the Company and the drilling of the Clayton #1H horizontal well please visit:
http://www.cardiffenergy.com/i/pdf/Runnels-County-Texas.pdf
The Company holds a 70% working Interest ("WI") in the Clayton #1H and their JV Partner Equitorial Exploration Corp. holds a 30% WI. The Company holds a 100% WI in the Bearcat #4.
About the Company
Cardiff is an emerging junior oil and gas company engaged in the acquisition, exploration, development, and production of oil and gas properties. Cardiff is listed on the TSX Venture Exchange under the symbol CRS. For additional details please visit Cardiff's website at www.cardiffenergy.com
For additional information contact:
Jack Bal, President and CEO
Cardiff Energy Corp
604-306-5285
jackbalyvr@gmail.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Jack Bal"
Jack Bal,
President and Chief Executive Officer
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements relating to the future operations of the Company. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Company, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are exploration risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws.
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30.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
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419621 30.11.2015
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