TSX-V: PRC
CALGARY
,
Jan. 7
/CNW/ - PanTerra Resource Corp. (The "Company") wishes to report that as a result of field operations at its Gadsby, Alberta property the production has increased by two and a half fold to approximately 250 Mcf per day, bringing acquisition and work-over metrics down to
$540
per flowing Mcf or
$3,240
per flowing BOE. Further up-hole perforations and stimulations are planned.
PanTerra Resource Corp. is an Alberta-based producing oil & gas company which is focused on the exploration and development of conventional and unconventional potential in Western
Canada
. The Corporation holds 'rights' in excess of 1,000,000 acres in various properties in Western
Canada
. PanTerra trades on the TSX Venture Exchange under the symbol "PRC". Further information can be found at: www.panterraresource.com.
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 news release.
For further information: Fred P. Rumak, P.Geol., President and C.E.O. at (403) 261-5900, Email: [email protected]; or Herve B. Collet, V.P. Operations/C.O.O. at (403) 261-5900, Email: [email protected]
Share this article