PETROMIN ANNOUNCES APPOINTMENT OF MR. ED VADER AS VICE PRESIDENT
Tuesday, 11 October 2011
Petromin Resources Ltd. (“Petromin” or, the “Company”) is pleased to announce the appointment of Mr. Ed Vader to the position of Vice President of Field Operations.
Mr. Vader brings a vast wealth of knowledge gained over his more than 40 years hands- on experience in the oil patch as a Senior Drilling and Completion Consultant.
In the late 1980's Mr. Vader worked with American Hunter's Unconventional Energy Program, drilling and testing coalbed methane (CBM) and Fractured Shale wells in Canada and USA.
He has drilled wells in New Mexico (fractured shale oil), Colorado (carbonations shale trapped in massive halite beds), North Dakota (deep Bakken fractured shale oil), Washington ( CBM and gas storage wells), Alberta ( deep CBM wells in the foothills), and in 2005 drilled and completed his first Horseshoe Canyon CBM well, plus Mr. Vader has co-researched and implemented many new frac technologies and nitrogen stimulations of shallow coals.
With his vast experience in all aspects of the most up to date drilling and completion technologies (including horizontal drilling, heavy oil, CBM/ Shale, and new fracing technologies, Mr. Vader will be a most valuable resource for Petromin in the advancement of its four core properties in Central Alberta and its overseas CBM/Shale gas interests in the Southern Jungaar Basin in North West China.
Petromin's four Core Areas in Central Alberta are all anticipated to move forward with the recent announcement of
1) MORNINGSIDE: 15-23-48-28 W4M
Scheduled the drilling of an Ellerslie test well directly offsetting a dual producing oil/gas discovery well that has produced in excess of 166,000 boe to date (awaiting rig availability)
2) FROG LAKE: 7A, 7B, 7C (17-57-3W4)
Workover of all three heavy oil wells:
a) New down hole pump on 7A,
b) The purchase and installation of a new high volume VSH2 Pump to Surface Unit at 7C ( specifically designed to clean out the extra sand entering the well bore which had prevented optimal production when the Company had previously been using conventional down hole pumps at 7C)
c) The Company is considering the drilling of a fourth well at its 7D (17-57--3W4) location once oil production rates stabilize on 7A,7B, 7C (17-57-3W4)
d) Initial production results following the current work-over program have so far increased production by more than 100 barrels of oil per day.
3) GILBY: Two producing wells , one oil and one gas;
a) Service rig is on oil location to clean out the lower oil zone to improve oil entry and production
b) The Company is anticipating to move uphole on the current gas producing zone in well number two as the production in this lower zone is nearing completion and a program is being planned to perforate and recompletion in the much thicker upper glauconite gas zone.
a) The Company has various interests in 5 dual producing oil/gas wells from the Ellerslie formation with current production approximately 100 boe/d .
b) The Company also has various working interests in approximately 4,400 acres of lands ranging from about 18% to 100% in and near the shallow Viking light oil resource plays at Redwater in which recent horizontal drilling activity has shown oil production rates of over 100 boe /d in a well directly offsetting Petromin lands.
c) The Company is further evaluating its Viking holdings and anticipates in the near future the drilling of some horizontal wells on its lands that directly offset the recent Viking light oil discoveries.