Dr. Ross Gorrell reports,
VANCOUVER, May 14, 2013 /CNW/ - Petromin Resources Ltd. (the "Company") is pleased to announce that the Company has completed the construction of facilities necessary to tie in the previously flared excess production gas into the offsetting gas pipeline, and the Company has received all necessary approvals to resume production testing of its Ellerslie Oil well.
Morningside is a multi-zone prospect with additional targets in the Basal Quarts (Ellerslie) formation, and bypassed gas targets in the Glauconitic, Osteracod, Belly River and Coalbed Methane (CBM) formations.
The Company retains an over-riding royalty before payout convertible to 25% working interest after payout.
Petromin's core Canadian properties are strategically located in Central Alberta (Morningside, Redwater, Frog Lake and Gilby)
Petromin is believed to be the only Canadian junior public company listed on the TSX Venture Tier One Board (PTR.V) to have an interest in China's Massive Coalbed Methane ("CBM") / Shale Gas Production Sharing Contracts ("PSC"). Petromin's interest is held through its current 22.28% ownership in Terrawest Energy Corp. ("TWE"). The PSC was acquired by TWE in December 2005 and after completing a coal study of all China, the Southern Jungar Basin in N.W. China's Xinjiang Province was handpicked for the 653 square kilometer PSC.
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