CALGARY, March 24 /CNW/ - (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd.
wishes to advise that it has drilled its 10-15-82-3-W6M well to a total depth
of 2395.5 m in the Precambrian basement and completed logging the well on
March 21, 2008. The Company holds 100% Working Interest with a 75% beneficial
interest from surface to basement in this well. Following analysis of the well
logs, the Company's geological and engineering advisors have proposed six
drill stem (DST) tests in four formations that are believed to contain
hydrocarbons. Pemberton is currently in the process of drill stem testing and
will announce results upon evaluating proposed drill stem tests as they are
made available to management. One of the DSTs will test a stratigraphic play
that is 320 acres in size and is 14 m thick. The remaining zones to be tested
range from smaller to larger in size. All DST tests will start with Closed
Chamber techniques. Tests may be opened to flow depending how the test
develops. All gas and liquid samples will be retained from pipe recovery from
the sample chamber. DST 1 and 2 will be completed at 17 m intervals and DST 3,
4, 5 and 6 will be completed at 7 m intervals.
President Richard Saxon states: "We are very pleased with the preliminary
results that we received from the Company's geological and engineering team on
this 10-15-82-3-W6M well and having the opportunity to evaluate six different
zones is very promising. With current regulations allowing production from
only two zones per well bore we feel that this information from 6 DSTs is
extremely valuable and will assist the Company in further development of
Pemberton's land assets in the area."
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