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Message: Pemberton goes 'tight hole' status and continues to negotiate mineral rights

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Pemberton goes 'tight hole' status and continues to negotiate mineral rights

posted on Jun 17, 08 01:25PM

CALGARY, June 17 /PRNewswire-FirstCall/ - (TSX.V:PBT, FSE :P5W) Pemberton Energy Ltd. is pleased to announce that management is in negotiations of securing mineral land leases that are contiguous to our recently drilled targets and management has voted that wells 10-15-82-3 W6M and 6-15-82-3 W6M on a 'tight hole' status. This 'tight hole' status will be imposed by management until mineral leases have been secured. 'Tight hole' is a petroleum industry term used colloquially in which the performance data of a well is closely guarded. During this period, all information about the wells - depth, formations, drilling rates, logs and other pertinent data - is not shared or made public. Additional drilling on section 15 is anticipated during our summer drill program. Further information regarding summer drill program will be announced upon lifting the 'tight hole' status.

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.

For additional information please contact the Company at 604-269-9801 or info@pembertonenergy.ca

    On Behalf of Pemberton Energy Ltd.
                  
                      Ms. 'Miroslava Antonuk'
                  
                      ----------------------------
                      Miroslava Antonuk, Director
                  
                      TSX VENTURE EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS
                      HEREIN

CONTACT: please contact the Company at (604) 269-9801 or info@pembertonenergy.ca

SOURCE Pemberton Energy Ltd.

Source: PR Newswire (June 17, 2008 - 5:22 PM EDT)

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