CALGARY, May 15 /PRNewswire-FirstCall/ - (TSX.V:PBT, FSE :P5W)
Pemberton Energy Ltd. ("Pemberton") is pleased to announce that after
further evaluation by our geological team of the recently drilled two
vertical wells on our Gage Peace River Arch Property we have identified two
thick shale gas plays in our 10-15 well from a depth of 1040 m to 1078 m
and in the 6-15 well from a depth of 1052m to 1082 m. Additional analysis
and reserve calculation will be conducted by third party consultants to
further asses the data acquired from these two vertical wells. Pemberton
holds 100% Working Interest with a 75% Beneficial Interest in these two
wells.
A copy of the well log related to the shale gas findings will be
available on the company's corporate web site http://www.pembertonenergy.ca. These
two shale gas plays sit above the Montney oil play previously announced on
May 13, 2008.
President Richard Saxon states: "Management is pleased with these new
findings that have just been qualified. Shale gas plays have only recently
come to light in Canada as new drilling, fracing and completion techniques,
such as fracing with propane gel, have become available. We feel adding
these two shale gas plays to the equation will add shareholder value and
contribute to the growth of Pemberton".
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.
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