/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
VANCOUVER, Sept. 28, 2011 /CNW/ - Petromin Resources Ltd. ("Petromin"
or, the "Company") is pleased to announce that the Company is
commencing the drilling and recompletion of a number of prospects it
currently controls in Central Alberta.
The first project (awaiting rig availability) is for the immediate
drilling of an oil prospect in the Morningside area (NE/4 of section
23) offsetting a Manville dual zone oil/gas producer that has so far
produced approximately 166,000 boe ( (barrel of oil equivalent) to
date, with an initial flow rate of approximately 378 barrels of oil per
day along with one million cu. ft. of gas per day. Additional locations
have been identified depending on the success of this first well. The
Company retains a gross overriding royalty before payout, convertible
to a 25% working interest after payout. The well will be drilled at no
cost to Petromin.
A number of recompletions are also scheduled for the Company's Frog Lake
and Gilby areas with significant increases in production anticipated
after the recompletions.
About Petromin Resources Ltd.
Petromin is progressive international petroleum and natural gas
exploration and production Company listed Tier 1 on the TSX Venture
Exchange. Petromin was ranked 24th of the Top 100 Fastest Growing
Companies in BC by Business in Vancouver in 2009 based on a 704%
revenue increase over the previous 4 years.
Neither TSX Venture Exchange nor its Regulation Services 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 Petromin Resources Ltd.
For further information:
PETROMIN RESOURCES LTD.
390-1090 W. Georgia St.
Vancouver, B.C. V6E 3V7
Telephone: (604) 682-8831
Fax: (604) 682-8683
Attn: Ross Gorrell