CALGARY, Jan. 11 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that it has completed the first phase of field enhancement operations at its 100% held Carrot Creek property. The Company's total oil production has been increased by 50% to 85 BOPD up from the 57 BOPD acquired September 1, 2009. The expenditure involved with the recent field operations coupled with the increase in production, brings the acquisition and work-over metrics to $41,000 per flowing barrel, down from the originally announced $50,430 per flowing barrel.
PanTerra Resource Corp. is an Alberta-based producing oil and gas company which is focused on the exploration and development of conventional and unconventional potential in Western Canada. The Corporation holds 'rights' in excess of 1,000,000 acres in various properties in Western Canada. PanTerra trades on the TSX Venture Exchange under the symbol "PRC". Further information can be found at: www.panterraresource.com.
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 news release.
SOURCE Ikkuma Resources Corp.
For further information: For further information: Fred P. Rumak, P.Geol., President and C.E.O. at (403) 261-5900, Email: firstname.lastname@example.org; or Herve B. Collet, V.P. Operations/C.O.O. at (403) 261-5900, Email: email@example.com