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Sabretooth Energy Ltd. announces initial horizontal Montney well results at Gordondale
Thursday, November 20, 2008 7:43 PM


CALGARY, Nov. 20 /CNW/ - Sabretooth Energy Ltd. ("Sabretooth" or the "Company") (TSX: "SAB") is pleased to provide an operational update pertaining to recent drilling and completion success on the Montney play in North Western Alberta.

Sabretooth today announced that it has drilled, cased and completed a Montney horizontal well in the Gordondale area of North West Alberta. The well, 66.7% owned by Sabretooth, encountered pay in the Montney formation throughout the 1,000 m horizontal section. Six 100+ tonne fracs were successfully performed. The Montney tested at 3.5 MMCFD on a sustained rate during extended clean up with 65 barrels of 43 API oil per day. Tie-in of the well started concurrent with the completion and the well is expected to be further tested in-line before the end of November 2008. Sabretooth intends to follow up this discovery with additional wells through 2009.

Sabretooth has 62 net sections in the Montney fairway of Alberta and NEBC.

About Sabretooth Energy

Sabretooth Energy Ltd. is a public oil and gas exploration and development company, located in Calgary, Alberta and carrying out operations in Western Canada. Sabretooth trades on the Toronto Stock Exchange (TSX) under the symbol "SAB".

This news release contains forward-looking statements relating to the Company's plans and other aspects of the Company's anticipated future operations, strategies, financial and operating results and business opportunities. Forward-looking statements typically use words such as "anticipate", "believe", "project", "expect", "plan", "intend" or similar words suggesting future outcomes, statements that actions, events or conditions "may", "would", "could" or "will" be taken or occur in the future, or statements regarding the outlook for petroleum prices, estimated amounts and timing of capital expenditures, the timing, location and extent of future drilling operations anticipated timing and results of construction projects and project tie-ins, estimates of future production, the ability to realize the timing, on investments in ABCP, the terms of the Corporation's new credit facility, loans to be received from National Bank of Canada, if any, operating costs or other expectations, beliefs, plans, objectives, assumptions or statements about future events or performance. Statements regarding reserves are also forward-looking statements, as they reflect estimates as to the expectation that the deposits can be economically exploited in the future.

These statements are based on certain factors and assumptions regarding expected growth, results of operations, performance, business prospects and opportunities, the terms of the Corporation's new credit facility and the ability of the Company to realize on its investments in ABCP.



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