CALGARY, Feb. 27 - (TSX.V:PBT, FSE:P5W) Pemberton Energy Ltd. is pleased to announce that it acquired mineral rights on 53.33 acres in a private deal with another company that will allow Pemberton to complete its needed spacing unit for potential gas production on section 15-82-3-W6M.
Pemberton has been informed by its drill company that delay in drill rig arrival was caused by an unforeseen delay on its previous drill project. The Company is pleased to report that the rig has now been released from its previous location. The rig is being steam cleaned and inspected, and will be arriving on site on Friday, February 29, 2008.
Pemberton's management was previously planning on doing a zero disturbance road access but due to warmer weather patterns through the region and the possibility of an early spring break up the Company has decided to strip the road down to the clay in order to be able to continue working through spring break up. This will allow Pemberton to both drill and complete its 10-15-82-3-6WM and 6-15-82-3-6-WM. This work is presently under way and will not interfere with rig move in.
Pemberton Energy Ltd's principal business is the acquisition, exploration and development of petroleum properties. The company continues to focus on its primary corporate objective: the creation of value for shareholders by identifying oil and gas accumulations with relatively low geological risk but with substantial reserve potential.
On Behalf of Pemberton Energy Ltd.
"Miroslava Antonuk"
Ms. Miroslava Antonuk Director
TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS
HEREIN
Contacts
please contact the Company at (604) 269-9801 or info@pembertonenergy.ca
