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Habanero Resources Achieves Positive Seismic and Test Well Data on Leismer Oil Sands Prospect
Habanero Resources Achieves Positive Seismic and Test Well Data on Leismer Oil Sands Prospect.
About this update from Sienna Resources Inc
[{"type":"text","content":"\n\n\n\nTrading Symbol:\n\n\nHAO: TSX Venture Exchange\n\n\nHBNRF: Pink Sheets\n\n\nHRJ: Frankfurt Stock Exchange\n\n\n872019: WKN Frankfurt\n\n\nVANCOUVER, Feb. 15 /CNW/ - Habanero Resources Inc. (\"Habanero\") (HAO-TSX\nVenture Exchange: HBNRF-Pink Sheets HRJ-Frankfurt Stock Exchange: 872019-WKN\nFrankfurt) has been notified by the operator that, \"Interpretation of the\nseismic data, core hole data and log data has confirmed our initial evaluation\nof the data on the Leismer prospect. With further drilling there may be more\nthan one potential SAGD oil sand pods on the property. Based on this data, the\nthickness of the McMurray Formation could be 22 metres (72 feet gross) 375\nmetres below surface.\" A more intensive drill program is now being formulated\nwith the ultimate goal or going into production on this prospect. This\nprospect lies directly between Petrobank and North American Oil Sands.\n\n\nJason Gigliotti, President of Habanero stated, \"This is very encouraging\nnews for Habanero. We are achieving important milestones on the path to\nultimately putting the Leismer Oil Sands Prospect into production. Habanero\nhas been active in acquiring new Oil Sands leases in the past six weeks,\nincreasing the net acreage attributable to Habanero. Moreover, Habanero has\nacquired a significant 50% intrest in these new 16 sections. When you couple\nthis important milestone on the Leismer Prospect with our recent land\nacquisitions, clearly management feels optimistic about the future of\nHabanero.\"\n\n\nHabanero is an emerging junior oil and gas company focused on oil and gas\nexploration and production in North America. Habanero is one of, if not the,\nsmallest market-capitalized company that has interests in eight separate Oil\nSands prospects. Habanero has 50% interest in 16 of these gross sections as\nwell as having exposure to approximately 55,000 acres of oil sands interests\nthrough its equity ownership in Andora Energy Corporation (\"Andora\"). Habanero\ncurrently earns conventional oil and gas revenue from multiple wells located\nin North America. Habanero's goal is to become a mid-range oil and gas\nproducer. Habanero owns 700,000 common shares of Andora. Habanero has a 16.67%\nnet interest in the Leismer Oil Sands Prospect.\n\n\nIf you would like to be added to Habanero's email updates list, please\nsend an email to...