CALGARY, July 9, 2013 /CNW/ - Further to Tourmaline Oil Corp's news
release of July 05, 2013, where they stated that their company's third
core area is the Spirit River Charlie Lake oil and gas pool, Softrock
Minerals Ltd (SFT on TSX Venture) is pleased to announce that they hold
a 50% working interest subject to their share of a 3% GORR in an
Alberta Crown P&NG lease (All Section 11, Township 78, Range 07, west
of the 6 Meridian) covering all rights from surface to the base of the
Charlie Lake formation in the same area. With extensions the lease will
not expire until June 11, 2015
Softrock states that there are now two producing Charlie Lake wells
within one mile of their lease with initial production rates of 650 and
474 BOPD and notes with interest that Tourmaline says reserves vary
from 300 to 350,000 BOE per horizontal location.
In today's progress report Softrock states it is evaluating proposals
from the industry involving cash plus royalty plus working interest for
drilling and completing the first horizontal well in the next few
We Seek Safe Harbour
Neither the TSX Venture Exchange 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:
Phone (403) 266-2605