Petromin Resources Ltd. (TSXV: PTR) completed an agreement with the original farmee to purchase for the sum of C $1 and its 40% working interest in well 100/07-17-057-03W4/00 and lands.
This increases Petromin's working interest from 60% to 100% in the above noted well and lands. Petromin operates three wells at Frog Lake and retains a 45% and 40% working interest in the 200/07 and 300/07-17-057-03W4/00 wells and lands respectively.
A fourth drilling location has been identified and the company anticipates farming out the drilling of this fourth location, according ...