Panterra completes another phase---possibly hi impact play---1 million acre exploration permit in sask---the last deal mentioned is a side play, pan and stealth are getting the drilg for free, actually made a few bucks on the land play, will gain some knowledge, each retain 1/4 interest and pan is entitled to reasonable profit on operations--the nr---
PanTerra Finishes Moose Jaw Drilling
Tuesday November 14, 9:30 am ET
PAN - TSXV
CALGARY, Nov. 14 /CNW/ - PanTerra Resource Corp. (the "Company") is very pleased to report that it has successfully finished its 16 well drilling program at Moose Jaw. All 16 wells showed excellent gas indications and were cased. Three wells were extensively cored and the cores are presently being analyzed in the USA. With the successful completion of this program the Company and its partner have now met their expenditure requirements for the 'Exploration Permits' on their 3 major blocks; Shell Lake, Foam Lake and Moose Jaw.
The drilling rig used at Moose Jaw is presently moving to Whitehill Lakes near North Battleford, where PanTerra as Operator, will drill 5 wells and earn a 25% carried interest.
Furthermore, the previously announced cased-hole logging program was completed at Shell Lake in October and is ongoing at both Foam Lake and Moose Jaw and should be completed by early December.
The TSX Venture Exchange has not reviewed nor accepts responsibility
for the adequacy or accuracy of the contents of this news release.
For further information
Fred P. Rumak P.Geol., President and C.E.O., (403) 261-5900, Email to: fred@panterraresource.com
AI
