Habanero Beginning Seismic Work at Peace River
Habanero Resources reports that activities are moving forward and that the seismic is now being shot at the Peace River Oil Sands Prospect.
Once the seismic is completed the data will be interpreted and evaluated with the known geology and previously gathered information to determine the proceeding steps for the potential Oil Sands pilot project planned for this prospect.
Jason Gigliotti, President of Habanero stated, "It is very
exciting to be moving forward on the Peace River Oil Sands
Prospect. The operator of the Peace River Prospect is planning
on making an application shortly to the Alberta Government
to initiate the potential pilot project. When you couple
the ongoing activities with our recently announced Athabasca
Oil Sands Prospect, it is clear that Habanero's future growth
will be based on the potential development of these Alberta
Oil Sands prospects. Management is also very pleased about
the recent announcement by the operator of the Whitesands
Oil Sands Project of the initial start-up of operations.
The Whitesands Project is the closest major oil sands project
to our property. I will also be going over to Europe next
week for meetings with private and institutional investors.
Our goal is to become a mid-range oil and gas company and
we are striving to attain this goal through our exposure
to the Alberta Oil Sands."
- Habanero Drops 50% Interest in 2 Oil Sands Leases (Jan 20)
- Habanero Proposes Drill Program on Oil Sands Prospect (Aug 22)
- Habanero Acquires Interest in Alberta Oil Sands Sections (Jul 13)