American Eagle Energy Inc. announced that it, along with its 50% working interest partner, Eternal Energy Corp., has successfully restored the Hardy 2D7-9-3D2-16-4-21 well, located in southeastern Saskatchewan to production following the recent workover  The workover was designed to shut off water influx from outside the Bakken producing zone and return the well to economic production.  The well was put on pump last week and is currently producing approximately 40 barrels of oil per day while continuing to clean up with increasing oil cuts.  

The partners have also submitted a horizontal well license application for an offset location in the targeted drilling area and expect to commence drilling a second Bakken horizontal well during the fourth quarter of 2010 or the first quarter of 2011.

"We are hopeful that the well will continue to clean up and approach the previous production levels," stated Dick Findley, AEE's President and CEO.  "The successful completion of the well workover provides significant support and encouragement for proceeding with further development of the Hardy area this year or early next year."

Source: PR Newswire

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