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Contact Exploration Updates Montney Ops

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October 9, 2012

Contact Exploration Inc. (Toronto Venture: CEX.V) announced that it has successfully drilled its second horizontal Montney well to a measured depth of 4,678 meters, including a horizontal leg that remained within the target interval for its entire 1,230-meter length. The 14-30 well was drilled to total depth seven days ahead of schedule and under budget, having reached TD 17 days faster than the company's initial Montney discovery well at 13-17-63-5W6.

The 14-30 well has been logged, cased and equipped with a packer-style completion system that will facilitate a fourteen-stage nitrogen-based ...

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