Trading Symbol:
HAO: TSX Venture Exchange
HBNRF: Pink Sheets
HRJ: Frankfurt Stock Exchange
872019: WKN Frankfurt
VANCOUVER, Jan. 26 /CNW/ - Habanero Resources Inc. ("Habanero" HAO-TSX Venture Exchange : HBNRF-Pink Sheets HRJ-Frankfurt Stock Exchange: 872019-WKN Frankfurt) is pleased to announce a 50% acquisition of four new contiguous Oil Sands sections in Alberta, Canada. These new sections comprise of 1,024 contiguous hectares (2,530 acres). The new Oil Sands parcel is located in 5-18(range)-88(township) in the Peace River Oil Sands area of Alberta.
Recently, management was informed that the seismic operations on the Leismer Oil Sands Prospect were completed. The test well on this prospect was also recently completed. The combined data will be interpreted and released, once final analysis is complete which is expected 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." Habanero has a 16.67 % net interest in this prospect.
Jason Gigliotti, President of Habanero stated, "We are continuing to build our Oil Sands assets with these new sections that are near the Shell/BlackRock Seal plant. We feel that the main catalyst to the future growth of Habanero will be achieved through the development and acquisition of the Alberta Oil Sands assets, and we have been able to exhibit our commitment to this growth via two significant separate Alberta Oil Sands acquisitions made in the past two weeks. When you couple these new acquisitions with the ongoing work occurring on the Leismer Prospect and the Andora Prospect, clearing we are at a potential stage of rapid corporate growth via our Oil Sands assets."
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 seven 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. Total cost for the sections was $50,000.00
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"Jason Gigliotti"
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Jason Gigliotti, President
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or accuracy of this release.
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