PTT Primera Energy Resources Ltd.

Primera Energy Resources Ltd. (TSX VENTURE:PTT) (PERL or the "Corporation") is
pleased to provide the following corporate update. 


Optimal Block WD-4

PS 111RD, the second well drilled during the current drilling campaign, has been
completed, initially in 45 feet of net pay between 6,593 feet and 6,785 feet in
the Upper Cruse formation. The well is currently flowing 88 barrels of clean oil
per day as at December 4, 2011 on a 6/32" choke with CHP 290#. Approximately 250
feet of net pay in the Upper Cruse and Forest formations remain to be exploited.


As reported earlier, work is continuing on location preparation for redrills, PS
174RD and PS 125.


About PERL

PERL is a TSX Venture Exchange listed issuer which currently produces
approximately 500 barrels of oil per day pursuant to a lease operatorship
agreement in South Central Trinidad and has a 16.2% entitlement to the Cory
Moruga 'E' Block. 


READER ADVISORY

Statements in this press release may contain forward-looking information
including expectations of future operations, operating costs, commodity prices,
administrative costs, commodity price risk management activity, acquisitions and
dispositions, capital spending, access to credit facilities, income and oil
taxes, regulatory changes, and other components of cash flow and earnings. The
reader is cautioned that assumptions used in the preparation of such information
may prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the issuer. These risks include, but are not limited to, the risks associated
with the oil and gas industry, commodity prices and exchange rate changes.
Industry related risks could include, but are not limited to, operational risks
in development and production, delays or changes in plans, risks associated to
the uncertainty of reserve estimates, or reservoir performance, health and
safety risks and the uncertainty of estimates and projections of production,
costs and expenses. The reader is cautioned not to place undue reliance on this
forward-looking information.

Primera Energy Resources Ltd. (TSXV:PTT)
Historical Stock Chart
From May 2024 to Jun 2024

Primera Energy Resources Ltd. (TSXV:PTT)
Historical Stock Chart
From Jun 2023 to Jun 2024