Montana oil well drilling schedule update from Wind River Energy

Source: Wind River Energy Corp

Wind River Energy Corp. (TSX-V:WVR) (“Wind River”) announced today an update to the expected drilling schedule at the Company’s 56,785 acre Phat City oil project in Montana. The expected drill date for the second well has been delayed until approximately May 5, 2012 by the drilling contractor in order to accommodate their customers that preceded Wind River on their operations schedule.

Wind River has now received a permit for drilling and is building the drilling pad for the second well this week, in case the rig becomes available earlier.

The well is designed to individually test two benches of the Nisku formation and will also be configured to test the Bakken/Three Forks formation at a later date. This drilling location was selected with the benefit of seismic data acquired earlier this year. “We expect this well to help us optimize the drilling and completion strategies to be utilized to develop a multi-pay oil field,” said Alan O’Hare, CEO, Wind River Energy Corp.

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