Business
Habanero Resources Inc. Acquires 50% Interest in four New Alberta Oil Sands Sections
Habanero Resources Inc. Acquires 50% Interest in four New Alberta Oil Sands Sections.
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, Jan. 26 /CNW/ - Habanero Resources Inc. (\"Habanero\" HAO-TSX\nVenture Exchange : HBNRF-Pink Sheets HRJ-Frankfurt Stock Exchange: 872019-WKN\nFrankfurt) is pleased to announce a 50% acquisition of four new contiguous Oil\nSands sections in Alberta, Canada. These new sections comprise of\n1,024 contiguous hectares (2,530 acres). The new Oil Sands parcel is located\nin 5-18(range)-88(township) in the Peace River Oil Sands area of Alberta.\n\n\nRecently, management was informed that the seismic operations on the\nLeismer Oil Sands Prospect were completed. The test well on this prospect was\nalso recently completed. The combined data will be interpreted and released,\nonce final analysis is complete which is expected shortly. The operator\nstated, \"My prognosis is that with the calibrated seismic (to the well), the\nhole imaging tool (FMI) and the core, we will pinpoint a thick oil sands pod\nfor SAGD production.\" Habanero has a 16.67 % net interest in this prospect.\n\n\nJason Gigliotti, President of Habanero stated, \"We are continuing to\nbuild our Oil Sands assets with these new sections that are near the\nShell/BlackRock Seal plant. We feel that the main catalyst to the future\ngrowth of Habanero will be achieved through the development and acquisition of\nthe Alberta Oil Sands assets, and we have been able to exhibit our commitment\nto this growth via two significant separate Alberta Oil Sands acquisitions\nmade in the past two weeks. When you couple these new acquisitions with the\nongoing work occurring on the Leismer Prospect and the Andora Prospect,\nclearing we are at a potential stage of rapid corporate growth via our Oil\nSands assets.\"\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 seven separate Oil\nSands prospects, including having exposure to approximately 55,000 acres of\noil sands interests though its equity ownership in Andora Energy Corporation\n(\"Andora\"). Habanero currently earns conventional oil and gas revenue from\nmultiple wells located in North America. Habanero's goal is to beco...