Petrichor energy encouraged by Frac backflow on Hinson #1 well and initiates second well permit

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Mar 25, 2014) – Petrichor Energy Inc. (TSX VENTURE:PTP)(FRANKFURT:YQN) (the “Company” or “PTP”) is pleased to announce that completion of the Hinson #1 well in the Marble Falls Formation (see Press Release dated March 5, 2014) is returning to an initial rate of 200 barrels per day. and after recovering approximately 39.1% (1,510 barrels) of fracturing fluid, the Hinson #1 well is now beginning to show significant hydrocarbons. Readers are cautioned that additional pumping will be required before a stabilized daily production rate can be estimated.

In light of the encouraging results, the Company and the operator, BlakEnergy Ltd., initiated permitting and site construction for the second well, the BlakEnergy #1 Garner well (the “Well”) on the Marble Falls Prospect acreage. The well will be located at approximately surface coordinates of longitude -98.2379022, latitude 33.4396868 (in Jack County, Texas. This well will be drilled to a depth of approximately 6,400 feet to test the Strawn Sands, Caddo Lime, Marble Falls, Barnet Shale and Ellenberger.

The Mississippi Limestone is a porous limestone formation of Mississippian age that is deposited below the Barnett Shale, which is analogous to the Mississippian Limestone Play of Kansas and Oklahoma. The Marble Falls Formation is a Pennsylvanian-age limestone analogous to the Strawn Lime play of West Texas. To date, independent operators have drilled more than 50 multi-stage vertical and horizontal frac wells in the Marble Falls and Mississippi Limestone with positive results.


Joe DeVries, Executive Director

Neither the TSX Venture Exchange nor the Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) assumes responsibility for the adequacy or accuracy of this release.

This press release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the Company’s other future plans, objectives or expectations are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be correct and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include risks related to: the availability of capital and financing necessary to continue the Company’s exploration programs and operations; general economic, market or business conditions; the actual results of current and planned exploration activities; commodity price fluctuation; risks associated with participation agreements, leases, joint ventures and the ability to enter into such agreements on favorable terms; the possibility of accidents, equipment failures and delays during exploration and production; cost overruns or unforeseen costs and expenses; regulatory changes and restrictions, including in relation to environmental liability; the timeliness of governmental or regulatory approvals and other risks detailed herein and from time to time in the Company’s filings with securities regulatory authorities. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities law.

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