PanTerra Announces Update


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.

About PanTerra

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.

For further information:

Fred P. Rumak P.Geol.           Jake Pronk P. Geol  
President and C.E.O.           V.P. Exploration
403-261-5900             403-261-5900    
Email:         Email:


Profil de l'entreprise

PanTerra Resource Corp.

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