Welcome To The Petromin Resources HUB On AGORACOM

Edit this title from the Fast Facts Section

Message: Commencement of CO2 Sequestration ECBM Pilot Project

Commencement of CO2 Sequestration ECBM Pilot Project

posted on Nov 25, 2009 06:05AM




Attention Business Editors

Commencement of CO2 Sequestration ECBM Pilot Project on an enlarged operations area

VANCOUVER, Nov. 24 /CNW/ - Petromin Resources Ltd. ("Petromin") (TSX.V:

PTR) is pleased to announce that China United Coalbed Methane Corp., Ltd.

("CUCBM"), has initiated well operations at Deep Un-mineable Coal CO2

Sequestration and Enhanced Coalbed Methane ("ECBM") Pilot Project in China

("Pilot Project") in Shanxi Province, China.

Well SX-001 has begun de-watering in preparation for the injection of CO2

into the target coal seam(s). The current phase of operations will provide

baseline data on water and coalbed methane ("CBM") production from the target

coal seams no. 3 (approximately 5 meters thick) and no. 15 (approximately 6.6

meters thick).

In addition, the Company is pleased to report that the Pilot Project

operations area has been enlarged to 5.0 square kilometers, with discussions

for, following the success of Phase One, a much larger area for Phase Two of

the Pilot Project.

The Pilot Project is located on CUCBM's Shizhuang North block in the

Qinshui Basin of Shanxi Province, China. The Qinshui Basin is one of the more

prolific CBM producing regions in China and the coal seams are prospective for

ECBM production.

The Pilot Project has the objectives of confirming the suitability of the

coal seams for CO2 sequestration and long term storage while piloting the

enhanced production of CBM from the coal seams in which the CO2 is stored.

Coal is deemed to have long term storage potential for CO2 because CO2 will

preferentially adhere to the coal cleat surface while displacing methane

contained in the coal. The Pilot Project is an international cooperative

venture between Petromin, Enviro Energy International Holdings Limited

("Enviro-Energy") and CUCBM. The parties will jointly retain the intellectual

property developed during the pilot campaign. CUCBM is supported financially

in the venture by the China Ministry of Science and Technology.

On 18 November 2009, a top level CUCBM delegation attended Petromin's

Vancouver offices and held a Joint Project Steering Committee (JPSC) meeting

with representatives from Petromin, Enviro-Energy and the Alberta Research

Council. CUCBM emphasized the importance and high priority that their

Government is giving the Pilot Project as it directly relates to both their

environmental and clean energy future planning. CUCBM was represented by Mr.

Feng Sanli, president; Dr. Ye Jianping, assistant to president; Ms. Yang Yi,

director of Foreign Affairs; and Mr. Hu Bin, engineer, Department of Science

and Technology Management. The CUCBM delegation also attended the

Unconventional Gas Conference organized by Canadian Society of Unconventional

Gas in Calgary, Canada from 18 to 20 November 2009, before returning to China.

Petromin and Enviro-Energy utilize the Alberta Research Council as their

principal technical consultant on the Pilot Project. Recent public statements

by the Chinese leadership include a promise to cut CO2 emissions per unit of

gross domestic product by a "notable margin" by 2020 from the 2005 level. The

Board believes that the Pilot Project is well positioned to assist China in

the achievement of its greenhouse gas emission goals by championing

technological advances in ECBM in China while ultimately leading to

commercialization of the technology and that there is a strong measure of

support for our efforts from the Chinese Government.

About Petromin Resources Ltd.

Petromin Resources is a progressive international petroleum and natural

gas exploration and production company listed Tier 1 on the TSX Venture

Exchange. Petromin is a major shareholder in TWE and provides professional

services under the terms of a management agreement with TWE.

Petromin was ranked 24th of the Top 100 Fastest Growing Companies in BC

by Business in Vancouver in 2009 based on a 704% revenue increase over the

past 4 years.


On behalf of the Board of Directors,

A. Ross Gorrell


Statements contained in this news release that are not historical facts

are forward-looking statements that involve various risks and uncertainty

affecting the business of Petromin Resources. Actual results may vary

materially from the information provided in this release. As a result there is

no representation by Petromin Resources that the actual results realized in

the future will be the same in whole or in part as those presented herein.

Actual results may differ materially from the results predicted, and reported

results should not be considered as an indication of future performance.

Factors that could cause actual results to differ from those contained in the

forward-looking statements, are set forth in, but are not limited to, filings

that the Company and its independent evaluator have made, including the

Company's most recent reports in Canada under National Instrument 51-102.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that

term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release.



/For further information: Mike Suk, VP Corporate Affairs, (604) 682-8831,


New Message
Please login to post a reply