CALGARY, Dec. 28 /CNW/ - (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd.
(Pemberton) wishes to announce that further to the news released by the TSX
Venture Exchange on December 28, 2007 regarding acceptance for filing of the
$260,000.00 of the flow through private placement funds is only applicable to
the 2007 tax year and the remainder of the financing will be applicable to the
2008 tax year. Pemberton is in the process of completing the remainder of its
flow through and non flow through financing.
The Company also wishes to announce that further to the October 29, 2007
news release Pemberton has now signed binding Petroleum and Natural Gas Lease
and Grant Agreement to lease the subsurface mineral rights from surface to
basement on a 160 acre parcel in the Peace River Arch Area. Pemberton will
retain a 75% beneficial interest over a term of 2 years. The Company will
assume 100% of the drilling and completion costs of the well, inclusive of all
operating, processing, transportation and production costs.
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.
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