Lions Petroleum Inc. - Drilling update on Bennett #1 & #2 wells in Lavaca County, Texas
13 9월 2006 - 3:24AM
PR Newswire (US)
DENVER, CO, Sept. 12 /PRNewswire-FirstCall/ -- Lions Petroleum
Inc.(the "Company") OTCBB:LPET - announced today that SunCoast
Technical Services, operator for the Bennett wells in Lavaca
County, Texas (see News Release dated June 26/06) has informed the
"Company" the two wells have been drilled to the following depths.
The Bennett #1 well was drilled to a total depth of 3350 feet and
4-1/2 inch casing was run to a depth of 3140 feet. Logs indicated
the following potential pay zones: - Miocene Formation from 784 -
786 feet - Frio Formation from 2734 - 2740 feet - Frio Formation
from 3072 - 3080 feet The Bennett #2 well was drilled to a total
depth of 1267 feet and 4 1/2 inch casing was run to a depth of 842
feet. Logs indicated the following potential pay zones: - Miocene
Formation from 518 - 528 feet - Miocene Formation from 762 - 766
feet The operator reports they are waiting on a completion rig to
be mobilized to the site. The Company also announces it will not be
proceeding with the Genesis prospect that was the subject of a news
release dated June 12, 2006. ABOUT LIONS OTCBB:LPET Lions Petroleum
Inc. is a Delaware corporation that has oil and gas leases in
Northern Alberta and the Williston Basin in South Saskatchewan. The
Company has also signed an agreement to participate in a Texas gas
project. The Company is currently seeking additional projects
throughout North America. SAFE HARBOR The information provided in
this Press Release does not constitute an offer or a solicitation
of an offer for the purchase or sale of any shares or other
securities of Lions Petroleum Inc. There are substantial risks
associated with investing in development stage energy exploration
companies. No Securities Commission or similar authority has in any
way approved any of the information contained in this press
release. CONTACT: Gordon Wiltse, 1-866-669-1533 (toll free North
America) DATASOURCE: Lions Petroleum Inc. CONTACT: Gordon Wiltse,
1-866-669-1533 (toll free North America)
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