CALGARY, Feb. 27 /CNW/ - (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd. is
pleased to announce that it acquired mineral rights on 53.33 acres in a
private deal with another company that will allow Pemberton to complete its
needed spacing unit for potential gas production on section 15-82-3-W6M.
Pemberton has been informed by its drill company that delay in drill rig
arrival was caused by an unforeseen delay on its previous drill project. The
Company is pleased to report that the rig has now been released from its
previous location. The rig is being steam cleaned and inspected, and will be
arriving on site on Friday, February 29, 2008.
Pemberton's management was previously planning on doing a zero
disturbance road access but due to warmer weather patterns through the region
and the possibility of an early spring break up the Company has decided to
strip the road down to the clay in order to be able to continue working
through spring break up. This will allow Pemberton to both drill and complete
its 10-15-82-3-6WM and 6-15-82-3-6-WM. This work is presently under way and
will not interfere with rig move in.
Pemberton Energy Ltd's principal business is the acquisition, exploration
and development of petroleum properties. The company continues to focus on its
primary corporate objective: the creation of value for shareholders by
identifying oil and gas accumulations with relatively low geological risk but
with substantial reserve potential.
On Behalf of Pemberton Energy Ltd.
Ms. Miroslava Antonuk Director
TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS
For further information:
For further information: please contact the Company at (604) 269-9801 or