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Habanero Resources Inc. Acquires 50% Interest in Six New Alberta Oil Sands Sections
Habanero Resources Inc. Acquires 50% Interest in Six 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, Feb. 13 /CNW/ - Habanero Resources Inc. (\"Habanero\") (HAO-TSX\nVenture Exchange: HBNRF-Pink Sheets HRJ-Frankfurt Stock Exchange: 872019-WKN\nFrankfurt) wishes to announce a 50% acquisition of six new Oil Sands sections\nin Alberta, Canada. These new sections are comprised of; two sections\n(512 contiguous hectares (1,265 acres)) located in range 10 township 89 w4 in\nthe Athabasca Oil Sands Region and four contiguous sections (1,024 contiguous\nhectares (2,530 acres)) located in range 18, township 88 w5 in the Peace River\nOil Sands Region.\n\n\nThe first of these new Oil Sand Sections comprise of two sections that\nare located within and contiguous to Fort McMurray, Alberta. The other four\nsections acquired are contiguous to Habanero's recently announced (January 26,\n2007) acquisition of four sections in the Peace River Oil Sands region. This\nnow gives Habanero eight contiguous sections in the Peace River Region north\nof the Shell/BlackRock Seal Producing project. Like all prospects, there may\nbe associated operational risks involved.\n\n\nJason Gigliotti, President of Habanero stated, \"These two strategic\nacquisitions show our commitment to increasing Habanero's assets located\nwithin the Alberta Oil Sands. The new acquisition contiguous to Fort McMurray\nputs Habanero right in the heart of the Oil Sands. These four new sections are\ncontiguous with the four Peace River sections recently acquired which now\nmakes eight contiguous sections near the Shell/BlackRock Seal project which\nmakes it clear our asset base is expanding at a rapid pace.\"\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. Habanero has a\n16.67% net interest in this prospect.\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...