Dr. Ross Gorrell reports,
VANCOUVER, May 14, 2013 /CNW/ - Petromin Resources Ltd. (the "Company") is pleased to announce that the
Company has completed the construction of facilities necessary to tie
in the previously flared excess production gas into the offsetting gas
pipeline, and the Company has received all necessary approvals to
resume production testing of its Ellerslie Oil well.
Morningside is a multi-zone prospect with additional targets in the
Basal Quarts (Ellerslie) formation, and bypassed gas targets in the
Glauconitic, Osteracod, Belly River and Coalbed Methane (CBM)
The Company retains an over-riding royalty before payout convertible to
25% working interest after payout.
Petromin's core Canadian properties are strategically located in Central
Alberta (Morningside, Redwater, Frog Lake and Gilby)
Petromin is believed to be the only Canadian junior public company
listed on the TSX Venture Tier One Board (PTR.V) to have an interest in
China's Massive Coalbed Methane ("CBM") / Shale Gas Production Sharing
Contracts ("PSC"). Petromin's interest is held through its current
22.28% ownership in Terrawest Energy Corp. ("TWE"). The PSC was
acquired by TWE in December 2005 and after completing a coal study of
all China, the Southern Jungar Basin in N.W. China's Xinjiang Province
was handpicked for the 653 square kilometer PSC.
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
Attn: Arthur Ross Gorrell