NEWS RELEASE
Pemberton successfully completes 3D seismic and signs binding Mineral Land Lease Agreement.
March 28, 2007 Calgary, Alberta, (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd. wishes to announce that it has successfully completed its 3D-2007 Gage seismic program. All 3D seismic records have been shipped to Calgary for processing.
Pemberton is currently interviewing geologists and geophysicists for interpretation of the seismic data. Management feels that in order to pick multiple targets in a timely manner geological and geophysical team is needed on a full time basis for this project.
President Richard Saxon states: “With 3D seismic program successfully completed and 2D in its final stage, Pemberton is in the best position to move forward and to prioritize our drill targets. Management will announce its 3D results upon receiving a report from its new geological and geophysical team. Pemberton’s management team was also happy to be recognized on the Business News Network (www.bnn.ca) on March 27, 2007 and commended for its land acquisitions in the Peace River Arch, AB. Full link to the broadcast on Business News Network is http://www.bnn.ca/servlet/HTMLTemplate/!robVideo/robtv0726.20070327.00049000-00049415-clip4/h/220asf/// and will be available on Pemberton’s corporate website www.pembertonenergy.ca soon ”.
Pemberton also wishes to announce that further to the news release of February 28, 2007 it has now signed binding mineral land lease agreement on a 160 acre parcel to lease the subsurface mineral rights from basement to surface in the Gage area of Peace River Arch. This parcel is contiguous to one of the sections that Pemberton has a current land lease agreement on. Pemberton has purchased 2D data on this quarter section that shows a shallow gas target. This property was also included in the 3D -2007 Gage seismic program.
This land parcel 2 D data has been reviewed in July of 2006 and Pemberton’s geological and geophysical team has strongly advised that management pursue this acquisition. Outlined in the report the main zones of hydrocarbon potential are the lower Cretaceous Notikewan, Falher and Gething formations. These sandstones are at approximately 600m to 1200m in depth. The Triassic sediments from approximately 1100m to 1400m depth (the Montney carbonates and sands, the Charlie Lake carbonates and the Halfway sand) all have hydrocarbon potential.
Pemberton Energy Ltd. will retain 75% beneficial interest over a term of 3 years. The Company will assume 100 % of the drilling and completion costs of the well, inclusive of all operating, processing, transportation and production costs, crown royalties and any other costs associated with development pertaining to the well.
Management will be adding live video of the 3D seismic program on its corporate web site- www.pembertonenergy.ca under the Media Centre and a helicopter view presentation of the size of the 3D completed seismic program.
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.
For additional information please contact the Company at 604-269-9801 or info@pembertonenergy.ca
On Behalf of Pemberton Energy Ltd.
Ms. “Miroslava Antoniouk”
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Miroslava (Antonuk) Antoniouk, Director
TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS HEREIN
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