Petromin Resources Ltd.: Another Successful Well Drilled in Frog Lake
Monday, 10 July 2006
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 10, 2006) - Petromin Resources Ltd. (TSX VENTURE:PTR) is pleased to announce it has successfully drilled and cased its' third well at the company's Frog Lake Oil Project. The well encountered approximately 12 meters of oil pay in the McLaren Channel Sand. Production results will be announced when the well has been equipped and placed on stream but it is anticipated the rate will be similar to the first two wells which are presently producing at rates of 80 barrels of oil per day, each. Petromin retains a 45 to 60% working interest in these wells. A fourth location is anticipated on the company's lands following the production results of the last well.
ON BEHALF OF THE BOARD OF DIRECTORS
A. Ross Gorrell, President
THE TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.