VANCOUVER, June 17, 2013 /CNW/ - Petromin Resources Ltd. (the "Company")
was advised today by TerraWest Energy Corp. ("TWE") that TWE is seeking
written clarification from China National Petroleum Corporation
("CNPC") regarding the coalbed methane ("CBM") fairway lands within the
Liuhuanggou CBM production sharing contract ("PSC"). Until such
clarification is received, TWE will delay the start of CBM operations
The Company holds 22.28% interest in TWE. TWE holds a 47% interest in
and is the operator of the Liuhuanggou CBM PSC located in the Junggar
Basin of Xinjiang, China. CNPC holds the remaining 53% of the PSC. The
PSC is now administered by PetroChina Coalbed Methane Company Ltd., an
indirect subsidiary of CNPC.
Neither 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: Petromin Resources Ltd.
For further information:
PETROMIN RESOURCES LTD.
1120-1090 W. Pender Street
Vancouver, B.C. V6E 2N7
Telephone: (604) 682-8831
Fax: (604) 682-8683
Attn: Arthur Ross Gorrell