Orion Oil & Gas Corporation Announces 2011 Capital Program

Orion Oil & Gas Corporation announced today that its Board of Directors has approved a capital spending program of $35 million in 2011 for production development operations (the "Capital Program") at its Alberta properties. The Capital Program includes the drilling of six development wells at Kaybob and fifteen development wells at Redwater, including two horizontal Ellerslie wells and one horizontal Viking well. In addition, Orion will be directing capital to the optimization of existing production and enhancement of infrastructure at both core areas. The Company is well advanced with its planning process relative to the Capital Program, and will be commencing drilling on both properties in January.
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Source: Marketwire