Primera Energy Resources Ltd. ("PERL" or the "Corporation") (TSX VENTURE:PTT) is
pleased to provide the following corporate update.


Optimal Block WD-4 

PS 266RD, the first well drilled during the current drilling campaign has been
completed, initially in 131 feet of net pay between 5053' and 5312' in the Lower
Forest formation. The well was put to pump and is currently producing 119
barrels of clean oil per day. Approximately 139' of net pay in the Upper Forest
formation remain to be exploited.


The service rig has moved on to PS 111RD, the second well in the drilling
program. This well found 295 feet of net pay in the Forest and Cruse formations
and is being completed, initially in 45 feet of net pay in the Upper Cruse
formation. 


Production results for PS 111RD will be provided as soon as they become available. 

Work is continuing on location preparation for PS 174RD which shall target the
underexploited Cruse formation, and an infill/replacement well to PS 125 and
will also be drilled. 


About PERL

PERL is a TSX Venture Exchange listed issuer which currently produces
approximately 500 bopd pursuant to a lease operatorship agreement in South
Central Trinidad and has a 16.2% entitlement to the Cory Moruga Block.


Statements in this press release may contain forward-looking information
including expectations of future operations, operating costs, commodity prices,
administrative costs, commodity price risk management activity, acquisitions and
dispositions, capital spending, access to credit facilities, income and oil
taxes, regulatory changes, and other components of cash flow and earnings. The
reader is cautioned that assumptions used in the preparation of such information
may prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the issuer. These risks include, but are not limited to, the risks associated
with the oil and gas industry, commodity prices and exchange rate changes.
Industry related risks could include, but are not limited to, operational risks
in development and production, delays or changes in plans, risks associated to
the uncertainty of reserve estimates, or reservoir performance, health and
safety risks and the uncertainty of estimates and projections of production,
costs and expenses. The reader is cautioned not to place undue reliance on this
forward-looking information.


Primera Energy Resources Ltd. (TSXV:PTT)
過去 株価チャート
から 5 2024 まで 7 2024 Primera Energy Resources Ltd.のチャートをもっと見るにはこちらをクリック
Primera Energy Resources Ltd. (TSXV:PTT)
過去 株価チャート
から 7 2023 まで 7 2024 Primera Energy Resources Ltd.のチャートをもっと見るにはこちらをクリック