Cequence Energy Ltd. provides an operational update with respect to its Cardium light oil resource play.

Cequence has successfully completed its first Cardium horizontal oil well at Garrington (the "Discovery Well"). The well was drilled in September to a total measured depth of 3,260 meters with a horizontal section of 1,245 meters. The well was completed with a multi-stage oil based fracture stimulation over 13 intervals and flowed for 6 days to clean up fracture fluids. Following clean-up, the well has been flowing for an additional 9 days at a final rate of 260 bbls/day of crude oil and 425mcf/day of natural gas at a wellhead flowing pressure of 200 kpa. Solution gas from the Discovery Well will be tied into Company-owned infrastructure and is expected to be on production in late November 2010. Directly offsetting the Discovery Well, Cequence has identified an additional 10 net potential horizontal locations targeting the Cardium formation.

Other Business

Within the next week, Cequence intends to drill a follow-up Wilrich horizontal well approximately 2 miles away from the Company's initial Wilrich well recently tested at 8.5 mmcf/day.

Cequence is pleased to also announce that on October 15, 2010 Cequence monetized our 2011 commodity swap transactions and realized a gain for cash proceeds of $3.4 million.