Softrock Minerals Lease in Tourmaline's "Third Core Area of Charlie Lake"
CALGARY, July 9, 2013 /CNW/ - Further to Tourmaline Oil Corp's news release of
July 05, 2013, where they stated that their company's third core area is the
Spirit River Charlie Lake oil and gas pool, Softrock Minerals Ltd (SFT on TSX
Venture) is pleased to announce that they hold a 50% working interest subject
to their share of a 3% GORR in an Alberta Crown P&NG lease (All Section 11,
Township 78, Range 07, west of the 6 Meridian) covering all rights from
surface to the base of the Charlie Lake formation in the same area. With
extensions the lease will not expire until June 11, 2015
Softrock states that there are now two producing Charlie Lake wells within
one mile of their lease with initial production rates of 650 and 474 BOPD and
notes with interest that Tourmaline says reserves vary from 300 to 350,000 BOE
per horizontal location.
In today's progress report Softrock states it is evaluating proposals from the
industry involving cash plus royalty plus working interest for drilling and
completing the first horizontal well in the next few months.
We Seek Safe Harbour
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
Nick Taylor Phone (403) 266-2605 email@example.com
SOURCE: Softrock Minerals Ltd.
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CO: Softrock Minerals Ltd.
NI: MNG OIL FIELD
-0- Jul/09/2013 23:15 GMT
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