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.
For further information: Fred P. Rumak, P.Geol., President and C.E.O. at (403) 261-5900, Email: [email protected]; or Herve B. Collet, V.P. Operations/C.O.O. at (403) 261-5900, Email: [email protected]
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