CALGARY, Sept. 24, 2013 /CNW/ – Nick Taylor, president and CEO of Softrock Minerals Ltd (TSX-V SFT) released a progress report on the company’s Alberta activities
He states that the company has applied to the Alberta Government for a lease extension on their 640 ac oil and gas lease in the Charlie Lake producing trend of Northwest Alberta to give more time for farmout negotiations
He further notes that in the last few weeks , the main operator in the area , Exshaw Oil Corp ( a subsidiary of Tourmaline Oil Corp) has applied to the Alberta Government for altered spacing units that will permit horizontal well completions in the sections offsetting to the south and southwest of the company’s lease
In addition, Exshaw has also announced a shallower than Charlie Lake Triassic test immediately south of the Softrock lease which may be intended to test the Doe Creek horizon, a bed that produces in places in the area.
On the Industrial Mineral front, Taylor says the company has obtained a two year extension from the Alberta Department of Energy for its 9,216 Ha (20,709 ac) Permit for potash and diamonds in the Chinchaga area of northwest Alberta.
We seek safe harbour
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SOURCE Softrock Minerals Ltd.
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