Primary Petroleum Increases Land Holdings to Over 200,000 Net Acres in the Alberta Basin Bakken Fairway of Western Montana
21 January 2011 - 4:22AM
Marketwired
Primary Petroleum Corporation (TSX VENTURE: PIE)(PINK SHEETS:
PETEF) ("Primary" or the "Company") is pleased to announce that it
has secured over 200,000 net acres (312 sections) to our Area of
Interest in the Alberta Basin Bakken Fairway of western Montana.
"Our land acquisition strategy, based on identifying geological
trends with prospective hydrocarbon potential, is to continue to
acquire key acreage to add to our existing land holdings," comments
Mike Marrandino, President & CEO. "We are experiencing
increased activity in our area of interest from both existing
industry participants in the area and from new players, as the
potential of the Alberta Bakken Basin continues to garner more and
more interest and drilling activity on both sides of the
border."
Primary has commenced a seismic modeling evaluation on its'
existing 26 sq. mi. proprietary 3D seismic data, shot in 2008, to
aid in the selection of optimum drilling locations. As well, the
Company is contemplating the acquisition of additional 3D seismic
over its' lands as it continues to prepare for the commencement of
a drilling program in 2011. Primary's ongoing dialogue with
industry in choosing the right joint venture partner on a 'drill to
earn' basis remains a high priority.
About Primary Petroleum Corporation: Primary is a junior oil and
gas company engaged in exploration and development activities in
Montana and Alberta. The Company's mandate is to continue to
acquire strategic land positions of merit in the Sedimentary Basin
of the Western United States and Canada and seek out qualified
industry partners to exploit and develop them.
To find out more about Primary Petroleum visit our website at
www.primarypetroleum.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Primary Petroleum Corp. Mike Marrandino President
& CEO (403) 262-3132 (403) 262-3175 (FAX)
mike@primarypetroleum.com www.primarypetroleum.com Brisco Capital
Partners Scott Koyich President (403) 262-9888
scott@briscocapital.com Brisco Capital Partners Gordon Aldcorn
(403) 618-6507 gordon@briscocapital.com
Keek, Inc. (TSXV:PIE)
Historical Stock Chart
From May 2024 to Jun 2024
Keek, Inc. (TSXV:PIE)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Keek, Inc. (TSX Venture Exchange): 0 recent articles
More Primary Petroleum Corporation News Articles