Drilling update from Enhanced Oil Resources

Source: Enhanced Oil Resources Inc.

Enhanced Oil Resources Inc. (TSX.V: EOR; OTCQX: EORIF) (the "Company") is pleased to provide the following update regarding the Company's recent three well drilling program.

At the Company's wholly owned Milnesand oil field, the previously announced three well infill lateral program has been completed and the rig has been released. The MSU #123 well, the third and final well in this program was acidized yesterday, September 18, 2012.

The MSU #141 well, the second well in the program, was placed into production on September 9th and has produced approximately 963 barrels of oil over the initial 10 day period. Average production over that period was slightly in excess of 96 barrels of oil per day (bopd). The MSU #522 well, the first well drilled in the program, continues to produce oil at an average daily rate of approximately 40 barrels of oil per day (bopd).

Oil production volumes for September, to date, have averaged 453 barrels of oil per day (bopd), an increase of 45 bopd from August levels. Production volumes for the last 10 days have averaged approximately 543 bopd, largely due to the production gained from the MSU #141 and #522 wells.

Barry Lasker, CEO and President of Enhanced Oil Resources Inc. states, "The Company is very pleased with the initial production at the MSU #141 and MSU #522 infill wells. The results to date confirm our technical assessment that indicates considerable oil can still be recovered at Milnesand, and by analogy at the Chaveroo field, by infill drilling as a precursor to our CO2 developments. The Company is already planning the next round of three infill wells at Milnesand and we expect to start that program within the next 45 days, subject to all approvals being obtained".


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