/THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO ANY UNITED STATES NEWS SERVICES/
CALGARY, Aug. 19 /CNW/ - Petro Uno Resources Ltd. ("Petro Uno" or the "Company") (TSXV: PUP.V) is pleased to announce that it plans to commence its next drilling program in the Kindersley area on Saturday August 21, 2010, weather permitting. This drilling program was originally planned to commence on August 1, but due to unseasonably wet conditions, it was postponed for three weeks.
This drilling program is planned to consist of a total of 9 (4.25 gross) horizontal wells, all of which will target the Viking Formation for light oil production. This will bring the total wells drilled in 2010 to 18 (8.25 net to Petro Uno). The drilling program is anticipated to take approximately 36 days and the subsequent completion operations will commence immediately following the drilling, contingent on weather conditions, and equipment scheduling. All wells are anticipated to be on production by early October. Plans are also in place to begin a fall drilling program in early October that will see Petro Uno drill an additional 7-9 gross wells (3.5-4.5 net) beginning in mid October. These wells will subsequently be completed in November, and are expected to be on production by early December. By the end of 2010, Petro Uno plans to have an inventory of 25-27 wells (gross) on production.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained herein constitute forward-looking statements. Such forward-looking statements are subject to both known and unknown risks and uncertainties which may cause the actual results, performances or achievements of the Company to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. Except as required by law, the Company does not undertake any obligation to publicly update or revise any forward-looking statements.
SOURCE PETRO UNO RESOURCES LTD.
For further information: For further information: Jordan Kevol - VP Exploration, (403) 453-2266 Extension 232