ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

PTT Primera Energy Resources Ltd.

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Primera Energy Resources Ltd. TSXV:PTT TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Primera Energy Resources Ltd.: Press Release

19/09/2011 2:51pm

Marketwired Canada


Primera Energy Resources Ltd. (TSX VENTURE:PTT) ("PERL") is pleased to announce
the continuation of its 2011 drilling campaign with the commencement of a
four-well drilling program in Block WD-4. 


PS 266RD, the first of three wells targeting Upper and Lower Forest Formations,
has been spud and will be drilled to a total depth of 5,450 feet to recover
reserves lost in the original legacy wells. This will be followed by PS174RD
which will be drilled to a total depth of 5,100 feet and PS 111RD which will be
targeting the under-exploited Cruse Formation and will be drilled to a total
depth of 6,900 feet. 


The fourth well in the program, will be an infill/replacement well to PS 125,
designed to further exploit reserves in the Upper and Lower Forest Formations in
the area. All necessary regulatory and other approvals for these wells have been
obtained.


About PERL

PERL is a TSX Venture Exchange listed issuer which currently produces
approximately 350 barrels of oil per day pursuant to a lease operatorship
agreement in South Central Trinidad and has a 16.2% entitlement to the Cory
Moruga 'E' Block.


PERL has an approximate working capital surplus of $2.8 million as at August 31,
2011 and approximately 57,120,000 common shares outstanding. 


Statements in this press release may contain forward-looking information
including expectations of future operations, operating costs, commodity prices,
administrative costs, commodity price risk management activity, acquisitions and
dispositions, capital spending, access to credit facilities, income and oil
taxes, regulatory changes, and other components of cash flow and earnings. The
reader is cautioned that assumptions used in the preparation of such information
may prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the issuer. These risks include, but are not limited to, the risks associated
with the oil and gas industry, commodity prices and exchange rate changes.
Industry related risks could include, but are not limited to, operational risks
in development and production, delays or changes in plans, risks associated to
the uncertainty of reserve estimates, or reservoir performance, health and
safety risks and the uncertainty of estimates and projections of production,
costs and expenses. The reader is cautioned not to place undue reliance on this
forward-looking information.


1 Year Primera Energy Resources Ltd. Chart

1 Year Primera Energy Resources Ltd. Chart

1 Month Primera Energy Resources Ltd. Chart

1 Month Primera Energy Resources Ltd. Chart