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Petromin Resources increases working interest in a Frog Lake well


Published Jan 31, 2013
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Petromin Resources Ltd.-3

Petromin Resources Ltd. has completed an agreement dated January 24, 2013 with original farmee to purchase for the sum of one Canadian dollar ($1) and for other good and valuable considerations its 40% working interest in well 100/07-17-057-03W4/00 and lands: Twp 57 Rge 3W4M Quadrant A of Lsd 7 of Section 17 (Petroleum in Mclaren).

This increases Petromin's working interest from 60% to 100% in the above noted well and lands.

Petromin operates three wells at Frog Lake and retains a 45% and 40% working interest in the 200/07 and 300/07-17-057-03W4/00 wells and lands respectively. A fourth drilling location has been identified and the Company anticipates farming out the drilling of this fourth location.

Tags: Petromin Resources Ltd.



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