Petrolifera Petroleum Limited Cases Puesto Morales Este X-1001 Well

About this update from Medexus Pharmaceuticals Inc.

[{"type":"text","content":"\n\n\n\nCALGARY, Feb. 28 /CNW/ - Petrolifera Petroleum Limited (PDP - TSX)\nannounces today that it has drilled, logged and cased the PME X-1001 well on\nits recently-acquired Puesto Morales Este Concession located in the province\nof Rio Negro in the Neuquen Basin, onshore Argentina.\n\n\nThe well encountered several zones of interest and will be evaluated once\na service rig is available to conduct testing programs.\n\n\nPetrolifera Petroleum Limited is a Calgary-based crude oil and natural\ngas exploration and production company with operations in Argentina, Colombia\nand Peru.\n\n\nForward Looking Information\n\n\nThis press release contains forward-looking information, including but\nnot limited to planned testing of the PME X-1001 well, which has been cased\nfor further evaluation. There can be no assurance that testing of this well\nwill yield commercial results. The information is based on current\nexpectations that involve a number of risks and uncertainties, which could\ncause actual results to differ materially from those anticipated. These risks\ninclude, but are not limited to risks associated with the oil and gas industry\n(e.g. operational risks in development, exploration and production delays or\nchanges in plans with respect to exploration or development projects or\ncapital expenditures; the uncertainty of reserve estimates; the uncertainty of\nestimates and projections in relation to production, costs and expenses and\nhealth, safety and environmental risks), the risk of commodity price and\nforeign exchange rate fluctuations, the uncertainty associated with\nnegotiating with foreign governments and risk associated with international\nactivity. Additional risks and uncertainties are described in the company's\nAnnual Information Form which is filed on SEDAR at www.sedar.com.\n\n\nDue to the risks, uncertainties and assumptions inherent in\nforward-looking statements, prospective investors in the company's securities\nshould not place undue reliance on these forward-looking statements. Forward\nlooking statements contained in this press release are made as of the date\nhereof and are subject to change. The company assumes no obligation to revise\nor update forward looking statements to reflect new circumstances, except as\nrequired by law.\n\n\n","length":2340,"tagName":"div"}]

More updates from Medexus Pharmaceuticals Inc.