(Source: MARKETWIRE)
Power Oil & Gas ("Power") (OTCBB: PWOIF) has engaged a Calgary-based
petroleum consulting firm to assist in the planning, permitting and
execution of a drilling program on its 100%-owned Bow Island natural
gas project in Alberta.
"After reviewing the available geological data, the company's
scientific team has recommended further testing and exploration on
its wholly-owned Bow Island natural gas project. Initially the
company intends to map out its drill plan in greater detail so that
our program can be completed as soon as possible. We are pleased to
now have the support in place for program-execution and site
operations," says Manny Dhinsa, president of the company.
The company's Bow Island natural gas project covers more than 6,700
acres, and is located in one of the most prolific natural gas regions
of southern Alberta.
Power has a 100% interest in the project.
"We believe the upside on our Bow Island leases is substantial, and
we plan to carry out exploration with a goal to develop our
100%-owned natural gas projects in a timely manner. Power is uniquely
positioned to provide exceptional shareholder returns in a rising
natural gas market" says Manny Dhinsa, president of the company.
Power's natural gas project portfolio is focused in southern Alberta,
and covers several key producing regions. Western Canada is one of
the most significant regions for natural gas in North America.
Power Oil & Gas is a junior petroleum exploration company, with its
head office located in Calgary, Alberta.
This announcement contains forward-looking statements which involve
risks and uncertainties that include, among others, limited operating
history, risks related to petroleum exploration, limited access to
operating capital, and other factors which may cause the actual
results, performance or achievements of the Company to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. More
information is included in our filings with the Securities and
Exchange Commission which may be accessed through the SEC's website
at http://www.sec.gov.
Contacts:
Power Oil & Gas Inc.
Investor Relations
(403) 261-3070 or 1-877-861-3070
www.poweroilinc.com
SOURCE: Power Oil & Gas Inc.
A service of YellowBrix, Inc.
