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Message: Mission River Now Spuded

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Mission River Now Spuded

posted on Oct 29, 07 11:35AM

Portrush announces drilling in Mission River 13:16 EST Monday, Oct 29, 2007 Print this article Email this article space Advertisement space Hide advertisment FSC / Press Release Portrush announces drilling in Mission River Vancouver, British Columbia CANADA, October 29, 2007 /FSC/ - Portrush Petroleum Corporation (PSH - TSX Venture, PRRPF - OTCBB), (http://www.portrushpetroleum.com) wishes to announce that the next well on the Mission River lease has spudded. The well, the Scanio/Shelton No.8 had reached a depth of 1,282 feet earlier this morning and will be drilled to a depth of 7,950 feet. It is anticipated to take approximately fourteen days to drill. The operator anticipates drilling the first well will confirm the results of the 3-D seismic data shot in December, 2006 and January, 2007 and thoroughly reviewed since the completion of the Scanio/Hawn No.1 drilled earlier this year. The re-worked seismic clearly identifies the intended payzones expected to be penetrated by this first well. A successful well would then be followed by three additional wells. The Mission River lease is being developed by McAlester and is located at the south end of the town of Refugio, Refugio County, Texas. The field has multiple pays at depths ranging from 2,000 to 8,800 feet. Portrush has a 10% working interest in the field. To date nine wells have been drilled and all nine wells have been placed on production. Drilling has reached the half way stage at the Portrush et al No.1-Moore 5-13-III in Moore township, Lambton County, Southwestern Ontario The six BCF prospect is located on trend and mid-point between two pinnacle reef gas storage pools, Kimball Colinville and Waubuno.

Well done .  We can look forward  too a great  christmas , I do Believe..  Keep up the good work ....

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