![]() |
![]() |
PEMBERTON TO CASE WELL FOR PRODUCTION March 26, 2008 Pemberton Energy Ltd. wishes to advise that Pemberton Gage 10-15-82-3W6M was successfully drilled into the Precambrian basement to a final total depth of 2395.5 on March 21, 2008 after nineteen days of drilling. On the basis of gas shows in the mud log and a petrophysical evaluation of the well logs, five drill stem tests were run in the wellbore. After an evaluation of all the technical data by the Company’s geological and engineering advisors, it was their recommendation that Pemberton Gage 10-15 be cased to a depth of 1322 m as a potential oil/gas producer. In addition, by drilling 10-15-82-3-W6M well to the Precambrian basement the Company has secured its mineral rights from surface to basement. Management will evaluate a completion proposal from its geological and engineering advisors and will announce a perforating and fracing schedule shortly. Pemberton Energy Ltd’s principal business is the acquisition, exploration and development of petroleum properties. The company continues to focus on its primary corporate objective: the creation of value for shareholders by identifying oil and gas accumulations with relatively low geological risk but with substantial reserve potential. On Behalf of Pemberton Energy Ltd. Ms. “Miroslava Antonuk” For additional information please contact the Company at 604-269-9801 or info@pembertonenergy.ca TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS HEREIN |
|