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Article: Primary Petroleum Sells First Oil From Its Teton Prospect in Montana and Appoints New Director to Board.
- Article from:
- Canadian Corporate News
- Article date:
- June 11, 2008
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Copyright informationCOPYRIGHT 2008 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CALGARY, ALBERTA, Jun 11, 2008 (Marketwire via COMTEX) -- Primary Petroleum Corporation (TSX VENTURE:PIE)(PINK SHEETS:PETEF) ("Primary" or the "Company") is pleased to announce it has sold its first 41 degree API oil yesterday from its 16-5 Highview well in Teton County, Montana. CHS Inc., which is headquartered in Denver Co., is contracted to purchase our oil. The selling price is based on the 30 day monthly average price of WTI minus $10.
"Yesterday was an exciting day in the young life of Primary Petroleum in Montana," stated Mike Marrandino, President & CEO. "This first sale of our oil exploited from our Teton prospect represents approximately three and one-half years ...