CALGARY, July 21 /CNW/ - (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd. is
pleased to announce that it has signed a letter of intent and provided
required deposit on a purchase of three producing wells, that are equipped
with fully operational pump jacks, two phase separators, a total of 5 storage
tanks, and one oil treater cold water recycling system. As part of this three
producing wells deal, Pemberton will acquire approximately 8 acres of real
estate with a three bedroom mobile home to serve as a field office and a 740
Champion Grader to help maintain well sites and access roads. Pemberton will
release details and production numbers upon completion of this transaction.
Director Matthew Dodwell states: "I am very excited, once the acquisition
is complete and Pemberton has taken possession of the properties we will take
action to minimize costs, and maximize production. This is an excellent
opportunity for Pemberton. All the data gathered on the properties, and the
immediate surrounding area is showing signs of real potential using minimal
costs to maximize profit. With the acquisition of the properties, Pemberton
has secured a revenue stream, multiple doors of opportunity, and various
assets needed to continue forward in a productive manner, thus stabilizing the
company as a whole".
Pemberton Energy Ltd's principal business is the acquisition, exploration
and development of petroleum properties. The company continues to focus on its
primary corporate objective: the creation of value for shareholders by
identifying oil and gas accumulations with relatively low geological risk but
with substantial reserve potential.
For additional information please contact the Company at 604-269-9801 or
On Behalf of Pemberton Energy Ltd.
Ms. "Miroslava Antonuk"
Miroslava Antonuk, Director
TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS
For further information:
For further information: at (604) 269-9801 or firstname.lastname@example.org