2016

 

2015

 

2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

Archives

   
20162015201420132012201120102009Archives
Petromin Resources Ltd.: Reserve Report Confirms 9.6% Increase in Reserves
 
Petromin Resources Ltd.: Reserve Report Confirms 9.6% Increase in Reserves

Wednesday, 10 January 2007

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 10, 2007) - Petromin Resources Ltd. (the "Company") (TSX VENTURE:PTR) is pleased to announce that the Company's Proved Plus Probable reserves as at September 2006 was 179,900 Barrels Oil equivalent (BOE). The updated reserve value is a 9.6 percent increase over the same period last year. The increase in reserve is mainly the result of successful drilling activities in the Company's operated and non-operated properties along the Western Canada Sedimentary Basin in Central Alberta namely Frog Lake, Redwater and Morningside properties.

To note: the three operated heavy oil wells at the Company's Frog Lake property have not indicated any production decline and will have more recoverable reserves booked compared to the current decline analysis method used by the independent engineering firm (Trimble Engineering Associates Ltd.) in 2007.

Petromin Resources Ltd. is a micro-cap Canadian energy company listed on the Toronto Venture Stock Exchange. The Company's focus is oil and gas production and enviro-energy project development. Core operations include five oil and gas properties in Alberta, Canada along the Western Canada Sedimentary Basin. The Company is currently pursuing high impact CBM exploration and development opportunities in China. By applying the latest C02 Geological Sequestration Technology (Carbon Capture and Storage Technology), Petromin aims to implement projects that enhance oil recovery and extract coal bed methane while significantly lowering CO2 green house gas emissions.

On Behalf of Petromin Resources Ltd.

Kenny W. Chan, Co-Chairman and Chief Executive Officer

For more information, please contact

Petromin Resources Ltd.
Mike Suk
(604) 682-8831
(604) 682-8683 (FAX)
Email: ir@petromin.ca
Website: http://www.petromin.ca/
 
Subscribe to stay up-to-date on Petromin's latest announcements and official news releases.

name:

email:

profile:

Investor

Investment broker

Analyst

Media

Other

Petromin attends 2007 World Energy & Chemicals Exhibition Conference (WECEC) in Kuwait
 
Learn more >

Petromin commenced CBM wells in China
 
Learn more >
© 2008 Petromin Resources Ltd. All rights reserved. | tsx.v : PTR
contact us|disclaimer