PanTerra Resources Announces Update
PanTerra Resource Corp. (PRC.V) announces (along with its joint venture partner) that at a recent Crown land sale they have acquired an additional 7,360 acres of mineral rights (with mainly oil potential), adjacent to one of its core areas situated in central Alberta. This acquisition will allow the Company and its partner to move forward with additional drilling under a previously announced joint venture entered into early last year.
PRC and its partner are in the process of constructing a six mile long gas gathering system at its Tomahawk property in central Alberta. The construction is in the planning stage and is anticipated to commence as soon as a license and right of ways have been acquired.
PanTerra is at a yr low of 6 cents.
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