PanTerra Resource Corp. has finished drilling Phase One at its Tomahawk, Alberta property which consisted of three wells drilled to test and evaluate the Nordegg and Banff Formations.
Each of the three wells was drilled to a total depth of approximately 1600 meters and cased as potential oil wells. Completion of these wells will take place over the next two to three weeks.
The Company is currently acquiring surface leases for the drilling of an additional three wells in Phase Two of its proposed twelve well drilling program for this area.
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PanTerra Resource Corp.
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