Nextraction Energy Corp. has successfully completed a second round of fracing by completing the upper Middle, Lance and Tertiary zones of its producing gas well in Pinedale, Wyoming. The well was originally completed in, and is producing from, the Lower Lance and Mesaverde formations and the production from the upper zones is being added to the flow rates as gas prices improve.

"We have learned a great deal about our lease position on the northern end of the Pinedale Anticline by investing US$6.8 million into drilling and completing the Noble 6-24 well and equipping the surface location superpad for a multi-well drilling program,” said Mark S. Dolar, president of Nextraction. “Our confidence in the play is increasing as the project has the potential to develop 30-60 wells. We are also excited to expand the project by acquiring seismic data across the lease area, including the acreage held 100% by Nextraction."

Nextraction is looking to substantially increase its participation in the Pinedale Area, which is currently being developed with Vantage Energy, LLC as the operating partner, and is looking to increase its scale of business in Canada and the United States.

About Nextraction Energy Corp.

Nextraction Energy Corp. is a Canadian junior oil and gas company engaged in the exploration and development of oil and gas resources in North America. Nextraction targets projects with known reserves that provide lower risk, high return development opportunities in both conventional and unconventional resource projects, where our technical expertise can be applied to enhance production. The company is headquartered in Vancouver, BC, Canada, and is currently developing a tight-sands gas play on the Pinedale Anticline in the Green River Basin region of western Wyoming, and a 70,130 acre (109 sections) Chattanooga shale gas resource play in Eastern Kentucky and Tennessee.