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Habanero Resources Inc. Acquires 50% Interest in Six New Athabasca Oil Sands Sections
Habanero Resources Inc. Acquires 50% Interest in Six New Athabasca 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. 11 /CNW/ - Habanero Resources Inc. (\"Habanero\") is\npleased to announce the acquisition of six new Athabasca Oil Sands sections in\nAlberta, Canada. These Athabasca Oil Sands sections comprise 1,536 contiguous\nhectares (3,795 acres). The new Oil Sands parcel is located in\n4-21(range)-93(township) and 4-21(range)-93(township) of the Athabasca Oil\nSands area of Alberta.\n\n\nRecently, management was informed that the test well was completed and\ninitial indications are positive on the Leismer Oil Sands Prospect. Habanero\nhas a 16.67% net interest in this prospect. The seismic is expected to be\ncompleted and analyzed within 10-15 days, barring any unforeseen issues.\nAdditionally, the core as well as the bore hole imaging tool will be analyzed\nwithin the next 5-10 days. The results will then be incorporated and released\nonce final analysis is complete. The operator stated, \"My prognosis is that\nwith the calibrated seismic (to the well), the hole imaging tool (FMI) and the\ncore, we will pinpoint a thick oil sands pod for potential SAGD production.\"\n\n\nJason Gigliotti, President of Habanero stated, \"Adding these new\ncontiguous sections in the Athabasca Oil Sands Area of Alberta is a tremendous\nstep forward in our growth strategy via the development and acquisition of\nquality Alberta Oil Sands Prospects. These new sections are contiguous and are\ndirectly beside Paramount Energy Ope and are within 10 kilometres of the\n$450 million Oil Sands purchase by Royal Dutch Shell. This new acquisition is\nin conjunction with the ongoing activities on two separate Oil Sands prospects\nHabanero has an interest in. This new parcel also represents Habanero's\nlargest percentage ownership interest in any Oil Sands Prospect at 50%\nownership. This new acquisition clearly shows our ability and commitment to\ngrowing Habanero through the Alberta Oil Sands.\"\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 five separate Oil\nSands prospects, including having exposure to approximately 55,000 acres of\noil sands...