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business_girl

عضو نشط
التسجيل
29 مارس 2007
المشاركات
24
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Currrent Price: $0.01
>Projeccted Price: $0.04

>CALGARY, ALBERTA--(MARKET WIRE)--Apr 17, 2007 -- Premium
>Petroleum Corp. is pleased to announce that a successful test well was
>drilled on the Boyne Lake Prospect to TD (total depth) of 1,841 feet. Both
>the primary target "Upper Grand Rapids" zone as well as the up hole
>secondary target "Viking" zone were encountered and were Prolific.
>
>After 5 or 6 days the well was checked again, and much to the delight of
>management, an approximate 250 meters (800 foot) head of oil was
>present in the well bore - evidence that we had encountered OIL SANDS,
>but even more significant, FLOWING OIL SANDS. In accordance with
>Alberta Energy's designation, our project is categorized OIL SANDS;
>located in the Cold Lake Oil Sands district.
>
>The significance of FLOWING OIL SANDS is that expensive mining and
>recovery methods are unnecessary, as conventional pumping methods can
>be used for recovery of the oil.
>
>As no one else in the area is producing oil from this Upper Grand Rapids
>zone, we have made a New Pool Discovery.

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Ali Baba

عضو نشط
التسجيل
28 فبراير 2007
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التسجيل
3 مارس 2007
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