2016

 

2015

 

2014

 

2013

 

2012

 

2011

 

2010

 

2009

 

Archives

   
20162015201420132012201120102009Archives
Petromin Resources Ltd.: Production Increase at Redwater
 
Petromin Resources Ltd.: Production Increase at Redwater

Wednesday, 23 January 2008

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 23, 2008) - Petromin Resources Ltd. (TSX VENTURE:PTR) announces that its recently completed well on lands held in the Redwater Area of central Alberta has been placed on production. Initial production has been averaging 48 barrels of oil per day (BOPD) with a low water cut of 2%. This production has been obtained without requiring a FRAC. Petromin retains a 25% working interest, and a gross overriding royalty interest on an additional 25%, convertible to a 12.5% working interest after payout in the well (Netting Petromin a total of 37.5% working interest after payout). This is the 7th successful well drilled on the lands to date. Additional drilling sites are being evaluated at this time.

On behalf of the Board of Directors,

Dr. A. Ross Gorrell

For more information, please contact

Petromin Resources Ltd.
Dr. A. Ross Gorrell
(604) 682-8831
(604) 682-8683 (FAX)
Email: info@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