LADNER, B.C., Sept. 10 /CNW/ - Great Pacific International Inc. (the
"Company") is pleased to announce that, further to our press release dated
August 26, 2008 (available on www.Sedar.com), drilling of the initial test
well on our Midland Basin prospect area has commenced. This well will test one
of five to seven Strawn-formation targets indicated on 3-D seismic within this
GPI Petroleum Inc., a wholly-owned subsidiary of Great Pacific
International Inc., holds the participation rights to this prospect area.
These prospect area rights consist of non-operated participation rights to a
13% working interest (9.75% net revenue interest) in certain leaseholds within
an approximately 8.25 square mile (gross) prospect area in Scurry County,
On behalf of the Board,
"Thal S. Poonian"
Thal S. Poonian, President
The TSX Venture Exchange has in no way passed upon the merits of these
transactions, and has neither approved nor disapproved the contents of
this press release.
Certain statements in this press release constitute "forward-looking
statements" which involve known and unknown risks, uncertainties, and other
factors that may cause actual results to be materially different from any
future results, performance, outcomes, or achievements expressed or implied by
such statements. Words such as "expects", "anticipates", "intends", "plans",
"will", "believes", "seeks", "estimates", "should", "may", "could" and
variations of such words and similar expressions are intended to identify such
forward-looking statements. These statements are based on management's current
expectations, beliefs and plans, and actual events or results may differ
materially. Forward-looking statements are based on current expectations, and
the Company assumes no obligation to update such information to reflect later
events or developments, except as required by law.
For further information:
For further information: Thal S. Poonian, President and CEO, at (604)
940-9190, toll-free at 1-877-942-8765, or by e-mail at email@example.com