CALGARY, Nov. 22, 2011 /CNW/ - PanTerra Resource Corp. (TSXV: PRC) ("PanTerra" or the "Company") is pleased to announce that it has received a license from Alberta
Environment to re-activate its water source well located at the
Company's Carrot Creek property. The water source well will be
re-activated immediately and will add significantly to the amount of
water currently being injected under the existing water-flood. The
additional water will help accelerate voidage replacement, bringing the
Cardium oil pool back to its original reservoir pressure thus
increasing oil production and with the help of the previously installed
WaveFront tool aid in the increase of the pool's oil recovery factor.
PanTerra is a diversified junior public oil and gas company listed on
the TSX Venture Exchange ("TSXV") under the symbol "PRC", with holdings in both conventional and
unconventional projects in Western Canada. The Corporation has an
operated production base of 115 BOPD and 100 Mcf/d gas (based on field
estimates) with excellent optimization and exploitation potential.
Additionally, PanTerra holds 'rights' in excess of 120,000 acres in
various properties in Western Canada.
Neither the 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.
SOURCE PanTerra Resource Corp.
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