VANCOUVER (Business Wire) -- Portrush Petroleum Corporation (TSX-V:PSH) (OTCBB:PRRPF) (http://www.portrushpetroleum.com) wishes to announce that the Scanio/Sheldon No.11 well in the Mission River property in Texas has been placed on production at a rate of 727,000 cubic feet of gas and 25 barrels of oil a day. The well was drilled to a total depth of 8,700 feet.
The Company expects to place the number twelve well on production later this week. Both wells were drilled to the Vicksburg formation.
Current production from the Mission River field at the end of July was approximately 1.6 million cubic feet of gas and 50 barrels of oil/condensate a day. Portrush's share of the revenue was approximately $60,000 per month. The gathering system has sufficient capacity to handle any anticipated increase in production arising from the number 11 &12 wells.
About Portrush Petroleum Corporation:
To find out more about Portrush Petroleum Corporation visit our website at www.portrushpetroleum.com
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections.
ON BEHALF OF THE BOARD
Mr. Martin Cotter, President & Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the Adequacy or accuracy of this release
Portrush Petroleum Corporation
Mr. Martin Cotter, President & Director, 866-939-2555
