CALGARY, Aug. 13, 2012 /CNW/ - PanTerra Resource Corp. ("PanTerra" or the
"Company") announces that has finished drilling Phase One at its Tomahawk,
Alberta property which consisted of three wells drilled to test and evaluate
the Nordegg and Banff Formations. Each of the three wells was drilled to a
total depth of approximately 1600 meters and cased as potential oil wells.
Completion of these wells will take place over the next two to three weeks.
The Company is currently acquiring surface leases for the drilling of an
additional three wells in Phase Two of its proposed twelve well drilling
program for this area.
PanTerra is a diversified junior public oil and gas company listed on the TSX
Venture Exchange ("TSXV") under the symbol "PRC", with holdings in both
conventional and unconventional projects in Western Canada. The Corporation
has an operated production base of 100 BOPD and 100mcf/day gas (based on field
estimates) with excellent optimization and exploitation potential. Company
information can be found at: www.panterraresource.com.
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.
Fred P. Rumak P.Geol. President and C.E.O. at 403-261-5900
Email:email@example.com or Jake Pronk P. Geol V.P.
Exploration at 403-261-5900 Email:firstname.lastname@example.org
SOURCE: PanTerra Resource Corp.
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CO: PanTerra Resource Corp.
NI: OIL FIELD
-0- Aug/13/2012 16:33 GMT
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