PETROMIN COMPLETES WORKOVER AT FROG LAKE
Tuesday, 02 April 2013
Petromin Resources Ltd. is pleased to
announce that it has successfully completed the work over operations at its Frog Lake 7A
and 7B wells in which the Company has 100% and 45% working interests
respectively. 7A is currently being produced at approximately 40 b/d and 7B at
approximately 70 b/d.
The Company is also reviewing farm out options to drill its fourth well
location at Frog Lake.
core Canadian properties are strategically located in Central Alberta
(Morningside, Redwater, Frog Lake and Gilby)
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.