Primary Petroleum Provides Technical Update and Increases Land Holdings

- November 30th, 2010

Primary Petroleum Corporation (CVE:PIE) reports on a technical and land acquisition update on its Alberta Basin Bakken prospect, Western Montana.

Primary Petroleum Corporation (TSXV:PIE) reports on a technical and land acquisition update on its Alberta Basin Bakken prospect, Western Montana.

The press release is quoted as saying:

The Company has also evaluated five cores from southern Alberta at the ERCB core storage facility to assist in understanding stratigraphy, lithology, reservoir and source rock relationships and formation contacts between the two areas.

Click here to access the entire news release.

Click here to access Primary Petroleum’s company profile.

6 responses to “Primary Petroleum Provides Technical Update and Increases Land Holdings

  1. Here’s something about the US. market you seemed to have forgot? MEGATONS TO MEGAWATTS. This program ends this year. It supplies 10% of the total electricity in continental Amerika. This program almost died 3 years ago as a result of Bush/Chaney antics. The very first days of Obama being in Office saw the just elected President fly to Moscow to mend fences (he actually kissed the President of Russia!) Check the chart U3O8 was $40 then shot up in the most noninflationary point in history too $55/lb.WTFU

    1. US-Russian uranium agreement takes effect

      03 January 2012
      The supply agreement signed in March 2011 between Russia’s Techsnabexport
      (TENEX) and United States Enrichment Corporation, a wholly owned subsidiary of
      USEC Inc. took effect on 21 December. The supply agreement is a multi-year
      contract for the supply of low enriched uranium (LEU) from 2013-2022.
      “We are excited to continue our fruitful relationship with TENEX, which has
      been built on the foundation of the successful Megatons to Megawatt programme,”
      said Phil Sewell, USEC senior vice president of American Centrifuge and Russian
      HEU.

      Under the terms of its agreement with TENEX, the supply of LEU to USEC will
      begin in 2013 and ramp up until it reaches a level in 2015 that is approximately
      one-half the level currently supplied by TENEX to USEC under the Megatons to
      Megawatts programme, which is scheduled to expire at the end of 2013. Unlike the
      Megatons to Megawatts programme, the quantities supplied under the new contract
      will come from Russia’s commercial enrichment activities rather than from
      downblending of excess Russian weapons material.
      Deliveries under the agreement are expected to continue through 2022.

      1. Appears Uranium One will be a significant supplier under this agreement. 

        ARMZ Uranium Holding Co. and TENEX are both corporate entities under Rosatom (state corporation controlling the Russian
        Federation’s nuclear activities).  Mr. Vadim Jivov was appointed president of Uranium One in December 2010.
        He also serves as the Chairman of ARMZ Uranium Holding Company and previously held executive
        positions with TENEX.

  2. Here’s something about the US. market you seemed to have forgot? MEGATONS TO MEGAWATTS. This program ends this year. It supplies 10% of the total electricity in continental Amerika. This program almost died 3 years ago as a result of Bush/Chaney antics. The very first days of Obama being in Office saw the just elected President fly to Moscow to mend fences (he actually kissed the President of Russia!) Check the chart U3O8 was $40 then shot up in the most noninflationary point in history too $55/lb.WTFU

    1. US-Russian uranium agreement takes effect

      03 January 2012
      The supply agreement signed in March 2011 between Russia’s Techsnabexport
      (TENEX) and United States Enrichment Corporation, a wholly owned subsidiary of
      USEC Inc. took effect on 21 December. The supply agreement is a multi-year
      contract for the supply of low enriched uranium (LEU) from 2013-2022.
      “We are excited to continue our fruitful relationship with TENEX, which has
      been built on the foundation of the successful Megatons to Megawatt programme,”
      said Phil Sewell, USEC senior vice president of American Centrifuge and Russian
      HEU.

      Under the terms of its agreement with TENEX, the supply of LEU to USEC will
      begin in 2013 and ramp up until it reaches a level in 2015 that is approximately
      one-half the level currently supplied by TENEX to USEC under the Megatons to
      Megawatts programme, which is scheduled to expire at the end of 2013. Unlike the
      Megatons to Megawatts programme, the quantities supplied under the new contract
      will come from Russia’s commercial enrichment activities rather than from
      downblending of excess Russian weapons material.
      Deliveries under the agreement are expected to continue through 2022.

      1. Appears Uranium One will be a significant supplier under this agreement. 

        ARMZ Uranium Holding Co. and TENEX are both corporate entities under Rosatom (state corporation controlling the Russian
        Federation’s nuclear activities).  Mr. Vadim Jivov was appointed president of Uranium One in December 2010.
        He also serves as the Chairman of ARMZ Uranium Holding Company and previously held executive
        positions with TENEX.

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