TSX.V Symbol: PTR
VANCOUVER, June 2 /CNW/ - Petromin Resources Ltd. (the "Company" TSX.V:
PTR) is pleased to announce that it has successfully farmed out, at no cost to
the company, the drilling of its 50% working interest in the 8th well (LSD 2
of Section 36 TWP 55, RGE 21 W4M) on its Redwater lands in Central Alberta.
The Company will retain a non-convertible 11% gross overriding royalty on all
production revenues from this well. The Company has identified a 9th drilling
location on its Redwater lands and anticipates additional drilling upon the
completion of the LSD 2 well.
The Company's current domestic Gross Production is at approximately 240
BOED being 60% oil and 40% gas.
On behalf of the Board of Directors,
A. Ross Gorrell
Co-Chairman and President
For further information:
For further information: Petromin Resources Ltd., 390-1090 W. Georgia
St., Vancouver, B.C., V6E 3V7, T. (604) 682-8831, F. (604) 682-8683