NEWS RELEASE Trading Symbol: Canada: TSX-V: PIE USA: OTCQX: PETEF
Primary Petroleum Completes Divestiture of Non-Core Leases on its
Pondera-Teton Prospect in NW Montana
October 2, 2013 – Calgary Alberta - Primary Petroleum Corporation (TSX-V: PIE; OTCQX: PETEF) (“Primary” or the “Company”) is pleased to confirm that it has completed its non-core divestiture as identified in its August 16, 2013 News Release.
Primary continues to hold under lease 295,836 gross acres (208,649 net acres) in its Pondera-Teton prospect in NW Montana
Primary’s strong working capital surplus, no debt and a substantial land base secured well into the future, provides the Company with several options to create future shareholder value from our current assets and balance sheet.
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 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
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Mike Marrandino, President & CEO
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(403) 262-3132
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FORWARD LOOKING STATEMENTS DISCLAIMER: Certain statements in this document may contain “forward-looking statements” or “forward-looking information” within the meaning of applicable securities legislation.
Such forward-looking statements or information include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company.
The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.
Neither 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.
Primary Petroleum Corp
Suite 480, 700 4th Avenue SW
Calgary Alberta T2P 3J4
Canada
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