3D Seismic Acquisition Completed on PEL 444 and Drilling Rig Mobilizes for PEL 112
02 July 2013 - 11:28PM
Access Wire
July 2,
2013 - Vancouver, British Columbia - Terra Nova Energy Ltd. (TSXV:
TGC) ("Terra Nova") reports that acquisition of seismic data on
Petroleum Exploration License ("PEL") 444's Wingman 3D Seismic
Survey was completed on July 1, 2013.
Hunt
Energy and Mineral Pty Ltd., drilling contractor for the Wolfman #1
exploration well, commenced mobilizing it's Rig #3 to PEL 112.
Terra Nova expects to spud Wolfman # 1 by mid - July.
About Terra Nova Energy Ltd.
Terra
Nova Energy Ltd. is an oil and gas company with a right to acquire
up to a 55% working interest in two onshore petroleum exploration
licenses ("PELs"), being PEL 112 and PEL 444, located on the
western flank of the Cooper Eromanga Basin in the State of South
Australia, Australia. Its common shares trade on the TSX Venture
Exchange under the symbol "TGC".
For more information
please contact:
Terra Nova Energy Ltd.
Nico
Civelli
VP Finance
+41 44 217 4804
civelli@niconsult.ch
Forward looking information
This
news release contains forward-looking information relating to Terra
Nova's intentions to conduct the seismic program and subsequent
drilling programs and other statements that are not historical
facts. Such forward-looking information is subject to important
risks and uncertainties that could cause actual results to differ
materially from what is currently expected, for example: risks
related to oil and gas exploration, development, exploitation,
production, marketing and transportation, loss of markets,
volatility of commodity prices, currency fluctuations, competition
from other producers, inability to retain drilling rigs and other
services, reliance on key personnel, and insurance risks. In making
such forward-looking statements, Terra Nova has relied upon certain
assumptions relating to geological settings, commodity prices, the
stability of markets and currencies, the availability of capital,
and Terra Nova's ability to continue with the seismic and drilling
programs. You should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. While Terra Nova may elect to, Terra Nova is under no
obligation and does not undertake to update this information at any
particular time, except as required by applicable securities
law.
Neither the 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.
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