CALGARY, Oct. 20, 2013 /CNW/ - Nick Taylor, CEO announces that Alberta's Department of Energy has extended by one year to June 11, 2015 their one section (640 ac) P&NG lease to the base of the Charlie Lake Formation held 50-50 by Softrock and its partner Greencastle Resources.
The company has also received letters of intent indicating a willingness to drill a well on the 640 ac lease but a number of details, where the devil may be hiding, remain to be ironed out.
Taylor says that interest was heightened in their lease as at the last Alberta Government sale a 640 ac parcel of similar P&NG rights directly off-setting the company's lease to the north sold for over $900,000, while another parcel of one-half section at the same sale directly adjoining to the southeast went for in excess of $200,000.
We seek safe harbour
Neither the TSX Venture nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Softrock Minerals Ltd.
For further information:
1010, 825-8 Ave SW Calgary AB T2P 2T3 phone 403-266-2605