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Additional Drilling to Commence on Petromin's Redwater Lands in Central Alberta June 2008
Additional Drilling to Commence on Petromin's Redwater Lands in Central Alberta June 2008

Monday, 02 June 2008

TSX.V Symbol: PTR

VANCOUVER, June 2 /CNW/ - Petromin Resources Ltd. (the "Company" TSX.V: PTR) is pleased to announce that it has successfully farmed out, at no cost to the company, the drilling of its 50% working interest in the 8th well (LSD 2 of Section 36 TWP 55, RGE 21 W4M) on its Redwater lands in Central Alberta. The Company will retain a non-convertible 11% gross overriding royalty on all production revenues from this well. The Company has identified a 9th drilling location on its Redwater lands and anticipates additional drilling upon the completion of the LSD 2 well.

The Company's current domestic Gross Production is at approximately 240 BOED being 60% oil and 40% gas.

On behalf of the Board of Directors

A. Ross Gorrell
Co-Chairman and President

%SEDAR: 00003156E

For further information: Petromin Resources Ltd., 390-1090 W. Georgia
St., Vancouver, B.C., V6E 3V7, T. (604) 682-8831, F. (604) 682-8683

 

 

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