MSEV 1.3 BILLION Barrels of oil in in their next pr??? As you know MSEV and CA:HAO Habanero are pretty much in bed with ea. other as is PTII and PPTL. This news came out today on Habaneros' website and I'll give you the links. This has not been pr'd on either MSEV or CA:HAO and it is so far only CA:HAO website and It should come out on MSEV as a pr very soon and probably tomorrow. Now this is just my opinion and it is what I have seen happen before with these entities. Do your DD and this maybe will make you some bank, just know when to take profits. CAN I HAVE ANYBODYS TAKE ON THIS? TIA
Habanero Resources Inc. ("Habanero") is extremely pleased to announce that it has formally entered into a new agreement through the recently formed Oil Sands partnership (press release February 27, 2006) to participate in a new Oil Sands prospect located in the Athabasca Oil Sands region of Alberta, Canada. Habanero has 20.83% of the partnership. Activities on this Athabasca Oil Sands Prospect are expected to commence in the second quarter of 2006. The total costs to earn the acreage will be $2.6 million in cash and approximately $900,000 (current value) in shares.
This new prospect is located in close proximity to Cononco/Philips Surmont project, Devon's Jackfish Lake project, Encana's Christina Lake project, Petrobank's Whitesands project and Canadian Natural Resources Kirby project. At a recent presentation, Encana's COO stated that Encana's Christina Lake Prospect, which is within 25 kilometers of Habanero's new prospect, could grow to produce 250,000 barrels per day. The closest Oil Sands Project is the Whitesands project that is within 2 kilometers to Habanero's new Oil Sands project. It has been stated in company news releases that they have reserves of 1.3 billion barrels of oil in place on the Whitesands prospect. This new prospect consists of 640 acres.
Jason Gigliotti, President of Habanero stated, "This is a major step forward in the future of Habanero. This now gives us interests in two Alberta Oil Sands projects. This new Alberta Oil Sands Prospect is located in the Athabasca Oil Sands region of Alberta, which is the largest Oil Sands reserve in the world. This new Oil Sands prospect is located south of Fort McMurray and is close in proximity to exiting major Oil Sands projects currently in production by Devon and Encana. We feel that our interests in the Alberta Oil Sands will drive our growth and that this new acquisition should signal our serious intentions to achieve our goal of becoming a mid-range oil and gas company. When you couple this new Athabasca Oil Sands Prospect with my upcoming European presentations in March, clearly these are exciting times for Habanero and Habanero's shareholders."
Habanero is an emerging junior oil and gas company focused on oil and gas exploration and production in North America. Habanero is one of, if not the smallest market capitalized companies that has interests in multiple projects in the Alberta Oil Sands. Habanero's goal is to become a mid range oil and gas producer. Habanero currently has interests in operations located on multiple oil and gas fields located in Texas, Saskatchewan and Alberta.
If you would like to be added to Habanero's email updates list, please send an email to ir@habaneroresources. com requesting to be added.
Contact Information: Tel 604-646-6900 Fax 604-689-1733 ir@habaneroresources. com www. habaneroresources. com
BY ORDER OF THE BOARD OF DIRECTORS
"Jason Gigliotti"
Jason Gigliotti, President The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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