Premium Energy Corp. (PPTL)

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News: Premium Petroleum Corp.: Additional Drilling on Boyne Lake Discovery
Premium Petroleum Corp. (PINK SHEETS: PPTL) is pleased to announce that the Company has drilled a second well on its Boyne Lake Flowing Oil Sands discovery. The primary target is the Upper Grand Rapids zone, and the secondary target up-hole is the Viking Gas zone. The well has been drilled to a total depth of 525 meters (1,722 feet). The well logs showed the two definitive zones, which 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.