Petromin Participates in the Completion of Opening a New Zone at Gilby
Monday, 05 October 2015
Petromin Resources Ltd is pleased to
announce that it has elected to participate in the completion of the MIDDLE
ELLERSIE ZONE in the 11-35-39-28W4M well located in the Joffre
Upon completion, the well will be placed on
production through the existing surface equipment and gas gathering and plant
system. Petromin retains a 16.667% working interest in the section including an
adjacent gas and oil well in LSD1-35-39-28W4M.
Vesta Energy Ltd. will operate the well.
The Company also retains a 16.667% working interest in the Duvernay Rights on
the section in the center of the east basin Duvernay Play. The Duvernay in
general is considered to be a world class emerging play with reserve estimates
by the former Energy Resources Conservation Board to contain 443 trillion cubic
feet of gas and 61.7 billion barrels of oil.