PDI Production Inc. Company News

CIVC announced that operations to secure the 2K-39-Z well are nearing completion after which the Nabors No.45 rig will be relocated to the Garden Hill site to commence a 90 day operation for PDI Production Inc.

PDIP and SPE plan to start drilling on Exploration License 1070 and Production Lease 2002-01 in western Newfoundland before the end of 2007.

PDI Production Inc. has signed an agreement with Nabors Drilling, a division of Nabors Canada, for the supply of Nabors Rig 57ETD for mobilization to the Port au Port peninsula.

Canadian Imperial Venture Corp. (CIVC) on Thursday issued an update on its western Newfoundland business.