Softrock reports location for first well on farmed out section
CALGARY, Jan. 14, 2014 /CNW/ - Nick Taylor, CEO of Softrock ("or the Company") (TSXV: SFT) reports that the farmee of Softrock's and Greencastle's interest in Section 11 Township 78 Range 7W6, DEML (Direct Energy Marketing Limited) has been issued a license by the Alberta Government to drill a 2950 meter horizontal test for Charlie Lake Oil, located in LSD 15 of Section 02 immediately south of Section 11 (the farmed-out section owned by Softrock and Greencastle) and proceeding north through Section 11 to LSD 15 of the same section.
The test to be known as DEML HZ SPIRITR 15-11-78-7 is one-half mile east of a presently drilling horizontal Charlie Lake test, also being drilled by DEML in LSD 13 of Section 02 expected to complete one-half mile or more northwest in Section 10, lying immediately west of the Softrock-Greencastle farmed out section 11.
Taylor says that upon completion or abandonment of the 15-11 test DEML will have earned 100 % of Section 11 reserving some overrides amongst which is a five % GORR without deductions split evenly between Softrock and Greencastle
Neither the TSX Venture Exchange nor its Regulation Service Provider(as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Softrock Minerals Ltd.For further information:
For more information contact Nick Taylor, CEO at 403-266-2605 or www.softrockminerals.com