Petromin Resources Ltd. Announces Further Drilling on the Frog Lake Property
May 29, 2007 10:30 ET
Tuesday, 29 May 2007
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 29, 2007) - Petromin Resources Ltd. (the "Company") (TSX VENTURE:PTR) is pleased to announce it is proceeding with the drilling of a fourth well on the Company's Frog Lake Property. The Company expects to spud the well next quarter depending on rig availability and licensing. Gross production from the Company operated three producing wells is currently at approximately 300 barrels of oil per day with Petromin retaining a 45 - 60% working interest in the three producing wells. Petromin presently has a 60% working interest in the lands being surveyed for this fourth drilling location at Frog Lake, Alberta.
The Company continues to advance on International "blue sky" initiatives in China and Kuwait. Further updates will be announced without delay.
On Behalf of Petromin Resources Ltd.,
Kenny W. Chan, Co-Chairman and Chief Executive Officer
For more information, please contact
Petromin Resources Ltd.
Kenny W. Chan
Co-Chairman and Chief Executive Officer
(604) 682-8683 (FAX)