Palliser Provides Mid-Quarter Operations Update

Palliser Oil & Gas Corporation (TSXV:PXL) provided a mid-quarter operational update. Palliser has drilled and reactivated 10 wells year to date in 2010 with 8 wells equipped for production and 1 well currently being equipped for production.

The press release is quoted as saying:

Palliser remains on target to exit the year with production of 1,100 – 1,250 boe/d and average yearly production of 650 – 750 boe/d for 2010. Drilling and reactivation of the final 8 wells of its 2010 capital program is expected to be completed on schedule by year end. Palliser expects to issue a more detailed operations update by mid October.

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