3-D Seismic Survey Completed in Red Earth |
Newswire.ca - Feb 4, 2011 |
VANCOUVER, Feb. 4 /CNW/ - Great Pacific International Inc. ("GPI") (TSX.V: GPI) is pleased to announce that the 3-D seismic work contemplated in our news release of January 11, 2011 was completed on January 27, 2011. This work was completed by the farmee who will earn a 50% working interest in the Petroleum and Natural Gas lease upon GPI's receipt and review of the report. The detailed results of the survey will be compiled and analyzed in the next few weeks in order to identify zones that may be targeted for horizontal drilling.
The Property is located in the Red Earth area of Alberta (see map at http://www.gpicanada.net/operation) where GPI has a number of 100% owned oil and gas leases. This area is known to produce crude oil from the Slave Point, Keg River, and Granite Wash formations.
About Great Pacific International
Great Pacific International is a public company actively engaged in the exploration, and development of natural gas and crude oil. The company's strategy is focused on creating value for shareholders by acquiring and developing petroleum and natural gas leases primarily in western Canada. Great Pacific's shares are listed on the TSX Venture Exchange under the symbol GPI.
On behalf of the Board,
"Thal S. Poonian"
Thal S. Poonian President
Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Thal S. Poonian, President, at 604-940-9190, toll free 1-877-942-8765 or by email tpoonian@telus.net.
Read Full Article from Newswire.ca
- Posted: 2011-02-04 08:00:42
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