Business
Solana Resources Limited ("Solana" or the "Company")
Solana Resources Limited ("Solana" or the "Company").
About this update from Kutcho Copper Corp
[{"type":"text","content":"\n\n\n\nCALGARY, Feb. 16 /CNW/ - In its news release of February 13, 2007,\nreference was made to the \"targeting of estimated gross recoverable reserves\"\nin respect of a number of planned exploration wells on the Company's\nproperties in Colombia. While it is clear from the news release that these are\nonly exploration targets that have not yet been drilled or tested and there\nhas been no discovery of commercial quantities of oil and gas in respect of\nthese targets, the Company wishes to clarify that in accordance with the\nCanadian Oil and Gas Evaluation Handbook, the proper categorization is\n\"undiscovered resources\". Undiscovered resources are those quantities of oil\nand gas estimated on a given date to be contained in accumulations yet to be\ndiscovered. There is no certainty that any portion of the undiscovered\nresources will be discovered and that, if discovered, will be economically\nviable or technically feasible to produce.\n\n\nMr. Glenn Van Doorne, Chief Operating Officer of Solana, a Petroleum\nGeologist, is the qualified person that has reviewed the technical information\ncontained in this news release.\n\n\nSolana Resources Limited\n\n\nSolana (www.solanaresources.com) is an international resource company\nengaged in the acquisition, exploration, development and production of oil and\nnatural gas. The Company's properties are located in Colombia, South America\nand are held through its wholly owned subsidiary, Solana Petroleum Exploration\n(Colombia) Limited. The Company is headquartered in Calgary, Alberta, Canada.\n\n\nNO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS\n\n\nRELEASE. THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE\n\n\nADEQUACY OR ACCURACY OF THIS RELEASE.\n\n\n","length":1813,"tagName":"div"}]