TerraWest Energy successfully completes 2009 drilling, sampling and testing
programs at the Liuhuanggou Project in China
TSX.V Symbol: PTR
TWE completed three (3) coalbed methane ("CBM") test wells with total meterage of 2,316 metres (7,642 feet) on the Liuhuanggou Project acreage in
The third well was planned to drill and core the Jurassic Xishanyao ("J2X") formation for further testing of the very thick target coal seam.
All wells were completed as planned, on time and on budget. Multiple samples were taken for further analysis and the wells were geophysically logged. Further details of the drilling program results will be provided in due course.
The gas flow test at well LHG 08-01 was completed as planned. The pilot test was operated for over 30 continuous days and produced water and gas from a 30-metre (99 feet) section of the J2X coal seam at a depth of 750-780 metres (2475-2575 feet). As previously reported, well LHG 08-01 had been cased and cemented to the top of the target coal seam in 2008 and in the current test water and gas were pumped from the open drill hole without any stimulation or fracturing of the coal seam. Produced gas was flared.
Project management of the drilling was provided by Norwest Corporation under the direction of
The pilot gas flow test was managed by TWE's production engineer from
All 2009 operations were completed injury-free.
TWE, as required under the Liuhuanggou CBM Production Sharing Contract ("PSC"), has now completed its initial phase exploration period obligation of drilling nine (9) exploration wells and has exceeded the minimum exploration period spending obligations to date. The next phase of exploration is drilling and operating pilot testing wells. TWE has already initiated pilot work by conducting the gas flow test and initiating engineering designs for pilot well completions in target formations.
A portfolio of photos from the 2009 campaign are available on the Company's website under the 'Features' section: www.petromin.ca.
TWE is the operator of and holds a 47% interest with
About Petromin Resources Ltd.
Petromin is a progressive international petroleum and natural gas exploration and production company listed Tier 1 on the TSX Venture Exchange. Petromin was ranked 24th of the Top 100 Fastest Growing Companies in BC by Business in
By Order of the Board PETROMIN RESOURCES LTD A. Ross Gorrell Co-Chairman and Chief Executive Officer
Neither the 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.
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For further information: Mike Suk, VP Corporate Affairs, (604) 682-8831, Website: www.petromin.ca
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