Portrush Drilling at Scanio-Shelton # 10 Underway
in response to
by
posted on
Mar 25, 2008 05:50AM
Oil & Gas Company
VANCOUVER (Business Wire) -- Portrush Petroleum Corporation (TSX VENTURE:PSH) (OTCBB:PRRPF) (http://www.portrushpetroleum.com) wishes to announce that drilling has begun on the Scanio/Sheldon No.10 well in the Mission River property in Texas. The well will be drilled to a total depth of 8,600 feet and is a follow up well to the number eight well that was drilled and placed on production earlier this year. The number eight well is currently producing at a rate of approximately eight hundred thousand cubic feet of gas a day and forty five barrels of oil a day.
This well is the second well of a four well drilling project and the next location is under construction.
The Mission River lease is operated by McAlester and is located at the south end of the town of Refugio, Refugio County, Texas. The field has multiple pays at depths ranging from 2,000 to 8,500 feet. Portrush has a 10% working interest in the field. A further announcement will be made in due course regarding the additional drilling of the next two wells.
About Portrush Petroleum Corporation:
To find out more about Portrush Petroleum Corporation visit our website at www.portrushpetroleum.com
ON BEHALF OF THE BOARD
Mr. Martin Cotter, President & Director
The statements made in this Press Release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has not reviewed this press release and neither approved nor disapproved the information contained in this press release.
Portrush Petroleum Corporation
Mr. Martin Cotter, President, 866-939-2555
info@portrushpetroleum.com