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Trading Symbol:
HAO: TSX Venture Exchange
HBNRF: Pink Sheets
HRJ: Frankfurt Stock Exchange
872019: WKN Frankfurt
VANCOUVER, Jan. 19 /CNW/ - Habanero Resources Inc. ("Habanero") (Pink Sheets: HBNRF) (TSX-V: HAO) (Frankfurt: HRJ 872019: WKN Frankfurt) announces that management has been informed that the seismic operations on the Leismer Oil Sands Prospect is now complete. The test well on this prospect was also just recently completed. The combined data will now be interpreted and released shortly. The operator stated, "My prognosis is that with the calibrated seismic (to the well), the hole imaging tool (FMI) and the core, we will pinpoint a thick oil sands pod for SAGD production."
Jason Gigliotti, President of Habanero stated, "It is very exciting to be making progress on the Leismer Oil Sands Prospect. This prospect lies directly between North American Oil Sands and Petrobank which just increased their production. We feel that this prospect is right in the middle of an area in the Athabasca Oil Sands that is displaying significant growth and activity. Couple this promising Leismer Prospect, with the activities occurring on the Peace River Oil Sands Prospect, and that we just acquired a substantial 50% in six contiguous Athabasca Oil Sands Sections, we feel that our progress towards our goal of becoming a mid-range oil and producer is now moving along and a rapid pace. We are actively looking to add additional Oil Sands leases and feel confident that this growth will occur in the future."
Habanero is an emerging junior oil and gas company focused on oil and gas exploration and production in North America. Habanero is one of, if not the, smallest market-capitalized company that has interests in five separate Oil Sands prospects, including having exposure to approximately 55,000 acres of oil sands interests though its equity ownership in Andora Energy Corporation ("Andora"). Habanero currently earns conventional oil and gas revenue from multiple wells located in North America. Habanero's goal is to become a mid-range oil and gas producer. Habanero owns 700,000 common shares of Andora.
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BY ORDER OF THE BOARD OF DIRECTORS
"Jason Gigliotti" Jason Gigliotti, President
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
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