Petromin to Begin Addtl Dvlpmntl Drilling Near Ellerslie Discovery

Petromin Resources Ltd. will commence additional development drilling on its lands in the Gilby area of Central Alberta.

The new location will be drilled midway between its producing lower Ellerslie well which is currently producing approximately 500 mcf per day and a new lower Ellerslie gas discovery currently producing at an average rate of 2.88 mmcf per day.

The new location which is planned to commence within a month is directly offset by a gas pipeline. Petromin retains a 16.666 % working interest in the new location.