Denver / Heidelberg. Tekton Energy (, the U.S. oil involvement of German commodity AG, announced today, that it has already begun two weeks earlier than planned with the production of the first horizontal well. The hole was in March 2013 drilled and completed during the last four weeks. Over the weekend, the connection was made to the existing infrastructure. The bore promoted already in the first days of oil. Usually, it first takes up to two weeks, to the pumped into the well in the pre-production water is conveyed back. The production was initially interrupted yesterday, to first complete the adjacent second horizontal well. Under the current schedule, this will be the case over the next week. After that, both holes will record the promotion.

The two holes are part of tecton development plan, the aims, the full potential of the project area (currently around 2.300 acres, as. 9,3 km2) use. Tekton intended, about 80 "Ugly"- Abzuteufen horizontal drilling. Since on average around 25% accounts for each hole to adjacent parties, accordingly bear their share of the costs, Tekton is after completion of the program the equivalent of about 60 "Net" wells, 100% have. Of the proposed drilling are now more than 60 approved by the local authorities and the State of Colorado. Comparable horizontal wells in the Wattenberg field have, according to the two major producers Noble Energy and Anadarko Petroleum average recoverable reserves of 325.000 – 350.000 BOE (Barrel of Oil Equivalent) for Bore.

Heidelberg, 17. April 2013

The Entry Standard listed German AG to build a new commodity to commodity producers. Focuses on oil & Gas and so-called high-tech metals such as tungsten, Tin and rare earths. All projects are located in politically stable countries. The business model is based on the (Re-) Development of deposits, have been well explored in the past. More information about the German commodity AG

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