Petromin Resources Ltd. - Frog Lake and Morningside updates

VANCOUVER, March 4, 2013 /CNW/ -

Dr. Ross Gorrell reports,

Petromin Resources Ltd. (PTR.V) is pleased to announce that it has commenced work over operations at its Frog Lake 7A and 7B wells in which the Company has 100% and 45% working interests (WI) respectively and anticipates production to resume shortly.

The Company is also reviewing farm out options to drill its' forth well location at Frog Lake.

MORNINGSIDE

Petromin has also completed the economic study requested by the Energy Resources and Conservation Board (ERCB) of the excess gas that was being flared during the production testing of its Morningside oil well.

Petromin now has approval to resume production testing by committing to tie into the pipeline the excess gas that was being flared and the Company has thus begun proceedings to tie into the existing low pressure pipeline that exists on the surface lease.

Production testing of the Morningside oil well is expected to resume shortly.

The Company retains a gross overriding royalty before payout convertible to a 25% WI after payout and retains a 50% WI in the undrilled acreage.

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. 

1120-1090 W. Pender Street

Vancouver, B.C. V6E 2N7

Telephone: (604) 682-8831      

Fax: (604) 682-8683

Profil de l'entreprise

Petromin Resources Ltd.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.