Petromin Resources Ltd. has successfully completed its latest well on its Gilby lands in Central Alberta. The primary target encountered 7 meters (23 feet) of potential gas play. In addition, another 6 meters (20 feet) of potential gas play was encountered in other sands for a total potential gas play section of 13 meters (43 feet).
The well is the second successful well drilled on the lands and will increase the Company's cash position. The well directly offsets a gas pipeline. Petromin retains a 16.666% working interest in the wells. Production testing is scheduled to begin immediately. Results are anticipated to be announces shortly.
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