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Business and Finance
Mon, October 22, 2012 Petrox Resources Corp. Announces the Acquisition of Additional Land in the Halkirk Area
October 22, 2012 09:00 ET
Petrox Resources Corp. Announces the Acquisition of Additional Land in the Halkirk Area
CALGARY, ALBERTA--(Marketwire - Oct. 22, 2012) -
NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH UNITED STATES WIRE SERVICES.
Petrox Resources Corp. (TSX VENTURE:PTC) (the "Corporation" or "Petrox") is pleased to announce the acquisition of additional 7.5 sections of 100% working interest in Petroleum and Natural Gas Leases located in the Halkirk area of Central Alberta (Townships 43, 44 and Ranges 15,16 W4M). The additional leases are comprised of 7.0 sections acquired at the September 5, 2012 Crown land sale and 0.5 section of Freehold land acquired recently.
With the acquisition of the additional 7.5 sections announced herein, Petrox has now assembled 16.625 sections of 100% working interest lands in the emerging Viking light oil play in the Halkirk and Battle areas of Central Alberta. The Corporation will now focus its efforts in the development of its properties in this Viking oil fairway.
About Petrox Resources Corp.
Petrox Resources Corp. is a public Canadian junior oil and gas company engaged in the exploration and development of oil and natural gas resources in the Western Canadian Basin. Petrox has assembled 16.625 sections of 100% working interest lands in the emerging Viking light oil play in the Halkirk and Battle areas of central Alberta.
THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.
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