PetroWorth Resources Inc.
November 2, 2007
PetroWorth Announces $5 Million Private Placement Financing
CALGARY, ALBERTA--(Marketwire - Nov. 2, 2007) - PetroWorth Resources Inc. (CNQ TWR) (FRANKFURT:T3F) announced today it is conducting a $5 million non-brokered private placement financing to be raised through a combination of common shares at $2.70 per share and flow-through shares at $3.10 per share.
The financing is expected to close on or about November 15, 2007.
PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration drilling programs on these permitted properties, both in-house and through advantageous farm-in arrangements.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. For example, there is no assurance the proposed financing will close when contemplated, or at all. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. The Corporation has adopted the standard of 6 Mcf:1 BOE when converting natural gas to BOE. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 BOE is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
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An den Tagen, wo es gut läuft freue ich mich, an den Tagen wo es schlecht läuft, denke ich an die Tage, wo es gut lief!
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Wir werden es sehen. Schön wäre es ja.
Grüße vom Doc
Gibt es denn schon nachgewiesenen Resourcen bei Petroworth, oder könnte das eine reine Luftnummer sein?
Die erste Bohrung hat ergeben, dass auf dem Land von Petro Gas gefunden wurde. Jetzt ist aktuell die Frage wie viel und wie lässt es sich kommerziell fördern.
Die Bohrungen selbst wurden von Corridor durchgeführt und die haben mal eben eine Trefferquote von 100 %.
Wichtig für Petro ist es, dass ein enger zeitplan eingehalten wird und bald neue Nachrichten kommen.
Grüße vom Doc
Gruß
Loewe
Viele Grüße,
joijoe
Loewe spielt schon auf biomuell an, denn eigentlich sollten zumindest wieder updates zu einigen Bohrbeginnen erscheinen etc.
Ich denke, dass es sich bei Petro um keine Luftnummer mehr handelt, da Corridor die Bohrarbeiten zu einem großen Teil mit finanziert.
Grüße vom Doc
Lehne mich jetzt zurück und harre der Dinge die da kommen;o)
PetroWorth Provides Update New Harmony #1 Results
Calgary, Alberta – PetroWorth Resources Inc. (CNQ TWR) (Frankfurt:T3F) provides the following update on the results at the New Harmony #1 well, which was drilled by Corridor Resources Inc. (“Corridor”) as part of a farm-in on lands held by PetroWorth in Prince Edward Island.
A full evaluation of the well logs and cores was conducted by Telluric Petrophysical Consulting Ltd., a Calgary-based firm specializing in oil and gas petrophysics.
The evaluation indicates that New Harmony #1 encountered a total of 60 metres of potential net gas pay in the Bradelle formation.
As previously announced, the well has been cased in preparation for fraccing and production testing operations scheduled to take place following the fraccing of Corridor’s Green Gables #3 well.
PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration programs on these permits, both internally generated and through advantageous farm-in arrangements.
PetroWorth Provides Update New Harmony #1 Results
CALGARY, ALBERTA--(Marketwire - Nov. 8, 2007) - PetroWorth Resources Inc. (CNQ TWR)(FRANKFURT:T3F) provides the following update on the results at the New Harmony #1 well, which was drilled by Corridor Resources Inc. ("Corridor") as part of a farm-in on lands held by PetroWorth in Prince Edward Island.
A full evaluation of the well logs and cores was conducted by Telluric Petrophysical Consulting Ltd., a Calgary-based firm specializing in oil and gas petrophysics.
The evaluation indicates that New Harmony #1 encountered a total of 60 metres of potential net gas pay in the Bradelle formation.
As previously announced, the well has been cased in preparation for fraccing and production testing operations scheduled to take place following the fraccing of Corridor's Green Gables #3 well.
PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration programs on these permits, both internally generated and through advantageous farm-in arrangements.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. The Corporation has adopted the standard of 6 Mcf:1 BOE when converting natural gas to BOE. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 BOE is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
Nov 02/07 Oct 31/07 FORSTER, WILLIAM (Bill) Direct Ownership Options 50 - Grant of options 10,000 $2.650
Nov 02/07 Oct 31/07 Stephenson, Amy Lai Mey Direct Ownership Options 50 - Grant of options 35,000 $2.650
Nov 02/07 Oct 31/07 MEDNICK, NEAL ALLAN Direct Ownership Options 50 - Grant of options 60,000 $2.650
Nov 02/07 Oct 31/06 O'BRIEN, COLMAN Direct Ownership Options 50 - Grant of options 60,000 $2.650
Nov 02/07 Oct 31/07 Atkinson, Howard John Direct Ownership Options 50 - Grant of options 10,000 $2.650
http://www.canadianinsider.com/coReport/...ansactions.php?ticker=ptwr
das wir bei diesem wert noch einmal die 1,44 sehen versteh ich nicht.
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An den Tagen, wo es gut läuft freue ich mich, an den Tagen wo es schlecht läuft, denke ich an die Tage, wo es gut lief!
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Wertpapier: Callitas Health |
CNQ: PTWR
FRANKFURT: T3F
Nov 16, 2007 12:35 ET
PetroWorth Spuds Feenan No. 2 Well in New Brunswick
CALGARY, ALBERTA--(Marketwire - Nov. 16, 2007) - PetroWorth Resources Inc. (CNQ:PTWR) (FRANKFURT:T3F) announced today that drilling operations have commenced at the Feenan #2 well in New Brunswick. The well is located in Albert County about one kilometre west of the historic Stoney Creek oil and gas field.
Feenan #2 will be drilled to a total depth of 1600 meters with the aim of encountering the Hiram Brook, Frederick Brook and Dawson Settlement formations. The primary objective of the well is to evaluate the natural gas potential of the Hiram Brook sands at depths between approximately 540 meters and 670 meters. PetroWorth expects it will take 15 days to drill and evaluate the well.
PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration programs on these permits, both internally generated and through advantageous farm-in arrangements.
CAUTION REGARDING FORWARD LOOKING STATEMENTS
Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. The Corporation has adopted the standard of 6 Mcf:1 BOE when converting natural gas to BOE. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 BOE is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.
For more information, please contact
PetroWorth Resources Inc.
Neal Mednick
President
(416) 214-1551 or Cell: (416) 432-0362
Email: nmednick@petroworth.com
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An den Tagen, wo es gut läuft freue ich mich, an den Tagen wo es schlecht läuft, denke ich an die Tage, wo es gut lief!
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Wertpapier: Callitas Health |