PanTerra Increases Oil Netbacks at Tomahawk, Alberta

TSX-V: PRC

CALGARY, Jan. 12 /CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that it has completed the first phase of field enhancement operations at its 100% held Tomahawk property in west central Alberta. Battery and other facility upgrades will give the Company increased netbacks in oil revenue by reducing and or eliminating certain handling, processing and trucking fees. The re-activation of an oil well currently shut-in on the property is scheduled to take place in the near future.

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: fred@panterraresource.com; or Herve B. Collet, V.P. Operations/C.O.O. at (403) 261-5900, Email: herve@panterraresource.com


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890