Premium Hits Again on Boyne Lake

Premium Petroleum Corp. has drilled a second well on its Boyne Lake Flowing Oil Sands discovery.

Drilled to a total depth of 525 meters (1,722 feet, the a primary target is the Upper Grand Rapids zone, and the secondary target up-hole is the Viking Gas zone. The two zones are in the process of being evaluated, completed and tested.

Tie-in to gas transportation and processing infrastructure is within two miles of the well head.

Boyne Lake Flowing Oil Sands Prospect is located approximately 100 km (62 miles) northeast of Edmonton in the Province of Alberta, Canada.