Palliser Expands Undeveloped Heavy Oil Land Position

Palliser Oil & Gas Corp. (TSXV:PXL) announced that during the first quarter of 2012 it expanded its undeveloped heavy oil land position to 19,618 net acres, an eight percent increase from the previous quarter.

As quoted in the press release:

We have increased the number of cold flow heavy oil production (CHOPS) and high volume lift opportunities in our prospect inventory to 151 locations for future growth.  We see significant scope to continue to expand our heavy oil operations by taking advantage of the knowledge base we have been developing and apply it to numerous additional pools within the greater Lloydminster area.

Click here to read the full Palliser Oil & Gas Corp. (TSXV:PXL) press release.