CALGARY, March 27 /CNW/ - (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd.
wishes to advise that Pemberton Gage 10-15-82-3W6M was successfully drilled
into the Precambrian basement to a final total depth of 2395.5 on March 21,
2008 after nineteen days of drilling. On the basis of gas shows in the mud log
and a petrophysical evaluation of the well logs, five drill stem tests were
run in the wellbore.
After an evaluation of all the technical data by the Company's geological
and engineering advisors, it was their recommendation that Pemberton Gage
10-15 be cased to a depth of 1322 m as a potential oil/gas producer. In
addition, by drilling 10-15-82-3-W6M well to the Precambrian basement the
Company has secured its mineral rights from surface to basement.
Management will evaluate a completion proposal from its geological and
engineering advisors and will announce a perforating and fracing schedule
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"
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