CALGARY, March 19 /CNW/ - (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd
("Pemberton") is pleased to announce that it has decided to shoot a new 2D
program located NW of its current 3D-2007 Gage program. This 2D project will
consists of two lines; West to East line is 2.4 km and North to South line is
3.2 km long. The application for government approval has been submitted by
Integrated Geophysical Consultants Ltd. and permitting has begun on Friday,
March 16, 2007.
Director Ms. Miroslava Antonuk states: "Management has decided to shoot
this 2D program simultaneously with its 3D-2007 Gage program to save the cost
and time of mobbing and demobing crews and to explore its additional assets
and save the cost of seismic interpreting by having both seismic programs
interpreted at the same time. Pemberton feels that it is necessary to explore
the possibilities of having multiple producing horizons on these 2 quarter
sections with mineral rights from surface to basement that are located in the
horseshoe of production in the area. This will be an economical way for
Pemberton to explore its property and possibly yield additional drill targets
for the upcoming drill program".
In addition Pemberton wishes to update its 3D-2007 Gage seismic program.
598 out of 700 shot point holes have been drilled and packed with dynamite.
Management anticipates to have all shot point holes drilled and packed by
Tuesday, March 20, 2007. Upon completion of the shot point holes on the
3D-2007 Gage project, the crew has been scheduled to move to Pemberton's
proposed 2D-program. The recording crew for the Company's 3D project is
scheduled for Wednesday, March 21, 2007.
The map showing the property location that will be explored with the 2D
seismic can be viewed on the Company's web site www.pembertonenergy.ca, under
web site's new Media Centre. Please explore the Gallery Google Earth feature
and Pemberton's Gage land holdings highlighted in yellow.
Pemberton Energy'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.
For further information on Pemberton Energy Ltd. please contact
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: contact the Company at (604) 269-9801, or