FIELD ACTIVITIES / Petromin Chamberlain Well Cased
PETROMIN RESOURCES LTD. ANNOUNCES WELL ON CHAMBERLAIN
HORIZONTAL DRILLING PROJECT HAS REACHED TOTAL DEPTH
AND HAS BEEN CASED
VANCOUVER, June 2 /CNW/ - Petromin Resources Ltd.
Vancouver Stock Exchange ''PTR''
Petromin Resources Ltd, (the ''Company'') announces that the initial
horizontal well on its Chamberlain Horizontal Drilling Project has reached
total depth and has been cased. This well successfully encountered in excess
of 250 meters of excellent reservoir quality in the lower Mannville oil
bearing sands of the Chamberlain Blairmore oil pool, which was the drill
target. A service rig will be immediately contracted to begin economic
evaluation of the well. The Company has a 12.5% interest in this project.
The Chamberlain Blairmore oil pool, located near Edmonton, Alberta, has
been allocated at least 3,200,000 barrels of oil in place by the Energy
Utilities Board of Alberta (the ''EUB''), and has had cumulative production of
200,000 barrels of oil to date from vertical wells. The EUB allocation of oil
in place is based on data from these vertical wells. Petromin currently
anticipates 4-5 horizontal wells in this drilling program.
Results from the testing of the initial well will be released as they
become available.
ON BEHALF OF THE BOARD OF DIRECTORS
-------------------------------------
Timothy S. Noble, Corporate Secretary
THE VANCOUVER STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE
INFORMATION CONTAINED HEREIN.
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For further information: Jim Clarke (604) 685-1685, or toll free
1-877-877-5177; Email: petromin@direct.ca or Internet:
www.stockgroup.com/ptr.html
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