Great Pacific Snatches Up Leases in Alberta
Great Pacific has significantly expanded its portfolio of petroleum leases with the acquisition of over 4,450 acres of petroleum and natural gas leases in northern Alberta.These leases are primarily in the areas of OtterLake, Hay River Twp 107, and the Athabasca-Thornhild areas.
The acquisition ofthese leases expands Great Pacific's land interests in Alberta to over 7,120 acres net (10,930 gross). These leaseheld petroleum rights are in addition to its option rights to over 3,710 net acres of petroleum leases.
The Company's Canadian land portfolio also includes approximately 1,850 acres net of petroleum rights in Manitoba (2,200 acres gross). Management is commencing a program of trade seismic acquisition on these newly acquired lands.
Great Pacific intends to continue expanding its land portfolio in western Canada throughout the coming months.