Primary Petroleum Increases Land Position by 17,000 Gross/Net AC.

- September 8th, 2010

Primary Petroleum Corporation (CVE:PIE) reports that its land acquisition strategy continues to add key acreage to its Western Montana Alberta Basin Bakken Fairway. In Primary’s ongoing technical evaluation and review of this Western Montana Bakken Fairway and the area of interest that surrounds and is in close proximity to Primary’s current land holdings, it has accumulated […]

Primary Petroleum Corporation (TSXV:PIE) reports that its land acquisition strategy continues to add key acreage to its Western Montana Alberta Basin Bakken Fairway.

In Primary’s ongoing technical evaluation and review of this Western Montana Bakken Fairway and the area of interest that surrounds and is in close proximity to Primary’s current land holdings, it has accumulated 18 well logs that have penetrated the Bakken formation, along with one drill core that identifies approx. 15 feet of oil saturation in the Middle Bakken formation.

Primary Petroleum’s President & CEO, Mike Marrandino says:

“We are very pleased and excited with our ongoing technical evaluation in the area, and can conclude with confidence that the Bakken formation is present over our lands. The logs that have been reviewed to-date show the total Bakken interval increasing in thickness to the south and estimate that the Bakken formation depth ranges from 4,000ft to 5,000ft.” . “We are in the very early stages of what may become a new Bakken Oil discovery in Western Montana and Southern Alberta, with all indications and news to-date in the area having been positive. Primary is very excited to be part of this potential major oil discovery.”

For complete news release, click here.

For Primary Petroleum’s company profile, click here.

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