VANCOUVER, Feb. 10 /CNW/ - Great Pacific International Inc. ("GPI")
(TSX.V: GPI) is pleased to announce that it has agreed to participate
in a second well in Wildmere. Drilling of the first well has been
completed and GPI will provide updates regarding perforation and
subsequent tests as they are received. The operator, AMCO, spudded the
second well on February 8, 2011. The target depth of the well is
approximately 2,100 feet. GPI will have earned a 70% working interest
upon completion of the well and payment of 100% of the costs.
GPI is also pleased to announce that it has successfully purchased an
additional 4.25 sections (2,720 acres) of Petroleum and Natural Gas
leases in Northern Alberta where the company is directing its'
exploration and development activities. The company has a 100% working
interest in these properties with full PNG rights. Our total holdings
have now increased to over 30,280 gross acres (over 28,780 net acres)
in Alberta, Canada. The company plans to continue to pursue
acquisitions, adding to its land base for further exploration and
For further information on GPI's Petroleum and Natural Gas Leases please
see map available at http://www.gpicanada.net/operation.
About Great Pacific International
Great Pacific International is a public company actively engaged in the
exploration, and development of natural gas and crude oil. The
company's strategy is focused on creating value for shareholders by
acquiring and developing petroleum and natural gas leases primarily in
western Canada. Great Pacific's shares are listed on the TSX Venture
Exchange under the symbol GPI.
On behalf of the Board,
"Thal S. Poonian"
Thal S. Poonian
Neither 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 Great Pacific International Inc.
For further information:
For more information, contact Thal S. Poonian, President, at 604-940-9190, toll free 1-877-942-8765 or by email firstname.lastname@example.org.