Business
Habanero Resources Inc. Acquires 95% Interest in Additional Alberta Oil Sands Sections Contiguous to Existing Leases
Habanero Resources Inc. Acquires 95% Interest in Additional Alberta Oil Sands Sections Contiguous to Existing Leases.
About this update from Sienna Resources Inc
[{"type":"text","content":"\n\n\n\nTrading Symbols:\n\n\nHAO: TSX Venture Exchange\n\n\nHBNRF--USA\n\n\nHRJ--Germany\n\n\nVANCOUVER, July 13 /CNW/ - Habanero Resources Inc. ("Habanero") is\npleased to announce that it has acquired a 95% interest in 4 new Athabasca Oil\nSands sections. These new sections are contiguous to an existing leases\nacquired earlier this year comprised of two sections (news release dated\nFebruary 13, 2007). This now gives Habanero six contiguous sections on this\nprospect. The block of 6 contiguous sections is located at 4-10-089 and covers\nthe Oil Sands below the top of the Viking formation to the base of the\nWoodbend Group.\n\n\nJason Gigliotti, President of Habanero Resources stated, "Habanero has\nnow added 26 gross (24.7 net, 15,625 acres) sections in the last two weeks\nalone. At this time of historically high oil prices, management feels that the\nOil Sands of Alberta will be the key to the future growth of Habanero.\nManagement expects to add additional oil sections in the future and will\nattempt to develop a work program in the future on one or more of the oil\nsands prospects that Habanero has an interest in with the final goal of going\ninto production."\n\n\nHabanero is an emerging junior oil and gas company focused on developing\nand acquiring Alberta Oil Sands Prospects. Habanero has an interest in 46.5\n(29,415 acres ) gross and 35.45 (22,425 acres) net Alberta Oil Sands sections,\nas well as having exposure to approximately 55,000 acres of oil sands\ninterests in the Peace River region of Alberta though its equity ownership in\nAndora Energy Corporation ("Andora"). Habanero owns 700,000 common shares of\nAndora which are currently deemed at $2.86 based on a proposed combination\npreviously announced.\n\n\nIf you would like to be added to Habanero's email updates list, please\nsend an email to [email protected] requesting to be added.\n\n\nBY ORDER OF THE BOARD OF DIRECTORS\n\n\n"Jason Gigliotti"\n\n\n-------------------------------------\n\n\nJason Gigliotti, President\n\n\nThe TSX Venture Exchange has not reviewed and does not accept\n\n\nresponsibility for the adequacy or accuracy of this release.\n\n\n%SEDAR: 00005722E\n\n\n","length":2307,"tagName":"div"}]