CPT PEMBERTON TECHNOLOGIES LTD.
#211- 470 Granville Street
Vancouver, BC V6C 1V5
Telephone: (604) 669-7772 Fax: (604) 669-7701
Website: www.pemb.com
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NEWS RELEASE
November 4, 1999
Symbol: PBT
CORPORATE UPDATE.
The Company is pleased to announce that the 14-28-12-15 W4M well in the Enchant area went
into production as scheduled on October 26, 1999. A start up problem was experienced with the
pump, which has now been replaced. We are currently testing the well at limited production of
approximately 100 bbls/day. This rate will be increased and decreased at various times over the
next few weeks to determine the optimum level at which to produce the well until the field is fully
developed. It is anticipated that testing will continue for two to three weeks at which time the most
desirable production rate will be selected.
The Company is proceeding with its name change (to be Pemberton Energy Ltd., as approved by
shareholders at the AGM on December 14, 1998). The name change is expected to occur within
the next few days, at which time the Vancouver Stock Exchange will make an official
announcement.
Management has completely restructured its corporate web site (www.pemb.com). The web site
now reflects a whole new image for the Company and should greatly enhance global distribution
through the Company¹s recently announced association with Stockgroup.com Holdings Inc., as
per our news release of October 25, 1999.
Its contractor, Crest Energy of Calgary, has advised the Company to expect the arrival of a drill rig
on site to drill the 13-28-12-15 W4M well on or about the 25th of November. The drilling of this well
is anticipated to take five to seven days to complete.
Mediaco www.onlinebroadcasting.com will be providing a 24-hour/day live broadcast for the
duration of the Company¹s drilling program. The wireless live broadcast will be available through
Pemberton¹s newly refined web site at www.pemb.com. Microwave transmission of the live
broadcast will provide high quality sound and video via the Internet. In conjunction with the live
broadcast, the Company has joined Stockgroup.com¹s investorsmarketplace.com, which will
provide 20 key placements on financial websites throughout the Internet.
The purpose of this unique activity is to demonstrate to our European and other foreign investors,
who may not be familiar with oil field practices and techniques, exactly how the Company spends
their money.
Bob Burton, President
THE VANCOUVER STOCK EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF
THE CONTENTS HEREIN.
© Pemberton Energy Ltd. |
