🕐16.08.12 - 17:54 Uhr

PRIMARY PETROLEUM PROVIDES OPERATIONAL UPDATE ON ITS SOUTHERN ALBERTA BASIN PROSPECT




NEWS RELEASE                                       Trading Symbol: Canada: TSX-V: PIE     USA: OTCQX:PETEF

Primary Petroleum Provides Operational Update on its Southern Alberta Basin Prospect

August 16,2012 � Calgary Alberta - Primary Petroleum Corporation (TSX-V: PIE; OTCQX:PETEF) (�Primary� or the �Company�) provides the following operational update onits Pondera-Teton Prospect located in the Southern Alberta Basin in NW Montana.

Horizontal Program

  • Primary has completed a three-well horizontal drilling program and has scheduled completion and testing operations to commence in early September 2012.

  • Completions will utilize 10-12stage fracs covering a lateral length ranging from 3,000 ft.

    to 4,000 ft.
  • The completion program will target three specific zones and will conclude by the end of September 2012.

  • Production testing will continue for 30-60 days following each completion,

Vertical Testing Program

  • One of the vertical wells was completed in a conventional reservoir zone and has been placed on a long term production test with results pending.

Seismic Program

  • Primary has completed permitting a new 37 sq.

    mile 3D-seismic program.

    The timing of the program is under review.

Land Acquisition

  • Strategic land acquisition in our area of interest is continuing.

    The Company�s land acquisition strategy remains responsive to results.

About Primary Petroleum Corporation - Primary is a junior oil and gas company engaged in exploration and development activities in  NW Montana and currently holds substantial land positions in both an unconventional and conventional resource oil play.

The Company�s mandate is to continue to acquire strategic opportunities in the Sedimentary Basins of the Western United States and Canada and seek out qualified industry partners to assist in the exploitation and development. To learn more about us, please visit our website at: www.primarypetroleum.com

For further information please contact:

PRIMARY PETROLEUM CORPORATION

 

Mike Marrandino, President & CEO

 

(403) 262-3132

 

 

FORWARDLOOKING STATEMENTS DISCLAIMER: Certain statements in this document may contain�forward-looking statements� or �forward-looking information� within themeaning of applicable securities legislation.

Such forward-looking statementsor information include, without limitation, forecasts, estimates, expectationsand objectives for future operations that are subject to a number ofassumptions, risks and uncertainties, many of which are beyond the control ofthe Company.

The Company does not assume the obligation to update anyforward-looking statement, except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation ServicesProvider (as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.

 



Primary Petroleum Corp
Suite 480, 700 4th Avenue SW
Calgary Alberta T2P 3J4
Canada

You are subscribed to this mailing list as .

Please click here to modify your message preferences or to unsubscribe from any future mailings.

We will respect all unsubscribe requests.





Products & Services | Jobs