Polar Petroleum Corp. will use Alaska-based Waters Petroleum, LLC (WPA) to acquire well data and receive Petrophysical Evaluations of 4 wells with the primary objective of determining pay intervals and prospective zones for the Company's Hemi Springs Project and Franklin Bluffs Project on Alaska's North Slope.

Of the 4 wells, 2 are located within Polar Petroleum's oil and gas projects (ARCO Pipeline State #1, Hailstorm #1); 1 well is located in close proximity to the Company's acreage (Burglin 33-1); and 1 well, the Hemi Springs State #1, has a surface location just outside the Company's acreage but with a bottom hole location that is 648' within Polar's lease ADL391544.

The Petrophysical Evaluations will commence with the ARCO Pipeline State #1, and then move on to the Hemi Springs State #1, the Burglin 33-1, and finally, the Hailstorm #1, with all work being coordinated through Polar Petroleum management.

Tags: Polar Petroleum Corp.