Petromin Increases Production at Frog Lake Oil Project-One of the Company's Five Producing Properties in Alberta, Canada
Monday, 28 August 2006
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 28, 2006) - Petromin Resources Ltd. (PTR) (TSX VENTURE:PTR) is pleased to announce that its third well at the Company's Frog Lake Oil Project, which encountered approximately 12 meters of McLaren Channel Sand, has been successfully put into production with initial rates exceeding 100 barrels of oil per day. Petromin's current total production at Frog Lake with all three wells now producing has increased to approximately 300 barrels of oil per day. Petromin retains a 45 to 60% working interest in these wells. A fourth location is anticipated following stabilization of production on the last well.
ON BEHALF OF THE BOARD OF DIRECTORS
Kenny W. Chan, Chief Executive Officer
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.