Trading Symbol: NRS
VANCOUVER, Nov. 18 /CNW/ - Norwood Resources Ltd. (the "Company") announces that it has completed logging and has commenced testing of the San Bartolo-1X ("SB-1X") sidetrack.
Logs retrieved from SB-1X are nearly identical to those of the adjacent San Bartolo-1 well and show similar oil potential. Zones with calculated pay at 6,360-6,420 ft and 6,230-6,280 ft remain the primary targets for this well in addition to shallower secondary objectives. These primary zones recovered oil samples in San Bartolo-1 drill-stem test operations in 2007.
The Company encountered inflows of 4,000ppm water at approximately 6,800 ft and above 6,380 ft. Small amounts of oil accompanied inflow.
The testing program will continue by isolating specific target zones. The plan is to use isolation packers. In this way, each target zone can be isolated and tested. The packer assemblies are being evaluated and selected. Testing operations will resume as soon as the assembly arrives in Nicaragua likely within three weeks. Results will be published as soon as possible thereafter.
ON BEHALF OF THE BOARD OF DIRECTORS OF
NORWOOD RESOURCES LTD.
WE SEEK SAFE HARBOUR
This press release contains certain forward-looking statements. While
these forward-looking statements represent our best current judgment, they are
subject to a variety of risks and uncertainties that are beyond the company's
ability to control or predict and which could cause actual events or results
to differ materially from those anticipated in such forward-looking
statements. Accordingly, readers should not place undue reliance on
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY
FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE
For further information: For further information: about Norwood Resources Ltd. (NRS) contact: Raymond Cahill, President, E-Mail: firstname.lastname@example.org, Telephone: (604) 642-6566