Business
Fairmount announces the commencement of its summer drilling program
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About this update from Fuerte Metals Corporation
[{"type":"text","content":"\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR\n\n\nDISSEMINATION IN THE UNITED STATES OF AMERICA/\n\n\nCALGARY, June 12 /CNW/ - Fairmount Energy Inc. ("Fairmount" or the\n"Company") (TSX-V - FMT) is pleased to announce the commencement of its 5 well\nsummer drilling program.\n\n\nDrilling has commenced on the first (0.5 net) of 2 wells (1 net) planned\nfor the Gold Creek area in the summer drilling program. These wells are\ntargeting multi-zone liquid-rich gas and oil.\n\n\nIn addition, as part of Fairmount's strategy in exploring for oil\nreserves, the company plans to drill 2 wells (2 net) in the Chin Coulee area\nof southern Alberta. These wells are planned for early July as surface\nconditions permit. Fairmount will also drill one well (1 net) following up our\nJanuary, 2008 discovery in the Thorsby area of west central Alberta.\n\n\nAbout Fairmount\n\n\nFairmount is an emerging junior oil and gas exploration, development and\nproduction company with oil and gas properties located in Alberta, Canada.\nFairmount trades on the TSX Venture Exchange as FMT and currently has\n17,184,389 common shares outstanding. Additional information regarding\nFairmount can be found at their website www.fairmountenergy.com and on sedar\nat www.sedar.com.\n\n\nForward-Looking Information\n\n\nThis news release contains forward-looking information, including but not\nlimited to future exploration and development plans. This information relates\nto future events or the Company's future performance. All statements other\nthan statements of historical fact are forward-looking information. By its\nnature, forward-looking information involves numerous assumptions, known and\nunknown risks and uncertainties, both general and specific, that contribute to\nthe possibility that the predictions, forecasts, projections and other\nforward-looking statements will not occur.\n\n\nAlthough the Company believes that the expectations reflected in the\nforward-looking information are reasonable, there can be no assurance that\nsuch expectations will prove to be correct. The Company can not guarantee\nfuture results, levels of activity, performance, or achievements. Moreover,\nneither the Company nor any other person assumes responsibility for the\naccuracy and completeness of the forward-looking information. Some of ...