E-mail from companyRelevant Alberta Oil Sands News:
PETROBANK FIRES UP SECOND THAI'TM' WELL PAIR AT WHITESANDS
Petrobank Energy & Resources Ltd. has provided an operational update on
the continuing field demonstration of Petrobank's Thai technology.
Production from the first well pair has ramped up following facility
modifications and the company has now commenced air injection and oil
production from the second well pair at the Whitesands project.
The company is still in the very early stages of the Thai process and
in a state of continual adjustment of the operations. This continuous
improvement process is consistent with starting up the first field scale
demonstration of a new technology, allowing the company to modify
certain aspects of the surface facilities and operating procedures. The
company foresees a continuing process of technical improvement and
innovation as the enhance the ability to produce significant volumes of oil
using the Thai process. (the above information was taken directly from a
news release dated January 16,2007)
Habanero is currently working on a prospect (Leismer) that is directly
beside Petrobank.
ABOUT HABANERO:
Trading Symbol:
HAO: TSX Venture Exchange
HBNRF: Pink Sheets
HRJ: Frankfurt Stock Exchange
872019- WKN #Frankfurt
Thank you for your interest in Habanero Resources Inc. (Symbol HAO-tsx
Venture Exchange HBNRF---Pink Sheets and HRJ-Frankfurt Stock Exchange
WKN-872019-Frankfurt). Habanero is junior oil and gas producer currently
involved in several exciting projects including the multi-billion
dollar OIL SANDS of Alberta, Canada, At this time Habanero has one of if not
the smallest market capitalization of any public company that has
exposure to multiple (six) prospects in the ALBERTA OIL SANDS. Habanero has
participation in multiple Oil Sands operations that are currently
underway. Management feels that 2007 could be a milestone year for Habanero
as we look forward to participating in the exploration of multiple
prospects in the Alberta Oil Sands.
Habanero has just commenced operation on one of the Athabasca Oil Sands
leases (Leismer) that is has interest in. At this time, the test well
has been completed and initial indications are positive. The seismic
data and test well data will be evaluated shortly and according to the
operator.. "My prognosis is that with the calibrated seismic (to the
well), the hole imaging tool (FMI) and the core, we will pinpoint a thick
oil sands pod for SAGD production." The Athabasca Oil Sands, which is
the largest oil sands formation in the world. At this time seismic
operations have started with a test well to come shortly. The Leismer
prospect lies directly between Petrobank's Whitesands Project, which is
reported to have 1.6 billion barrels of bitumen in place, and North American
Oil Sands, which has stated a possible reserve of 4.09 billion barrels
in ground on their property which is next to Habanero's interest.
Within the past week Habanero also announced a major acquisition of six
new contiguous sections near the Royal Dutch Shell's $450 million
dollar purchase. Habanero was able to secure a substantial 50% interest in
this new prospect.
Map of Leismer oil sands leases:
https://www.habaneroresources.com/s/Alberta.asp?ReportID=123388
Habanero's other leases are in close proximity to Royal Dutch Shells'
recently announced $465 million dollar purchase and other companies such
as Connacher, Devon, Petrobank, Encana, North American Oil Sands, MEG
and ConocoPhilips.
One of the Oil Sand operations with work being done is on the recently
announced operation in Peace River. Habanero announced that it will be
earning into over 85 SQUARE MILES (85 sections or approximately 55,000
acres) of CONTIGUOUS ALBERTA OIL SANDS LEASES through its equity
ownership in a private Oil Sands company. Habanero has recently turned down
an offer for approximately three times what the company paid for its
interest in the private oil and gas company due to the believe that the
potential value of this massive land package will fetch a higher
valuations in the future.
Habanero also has operations underway on conventional oil and gas
drilling and earns revenue currently from multiple sources of conventional
oil and/or gas wells.
60 minutes article on the Alberta Oil Sands
https://www.cbsnews.com/stories/2006/01/20/60minutes/main1225184.shtml
LATEST NEWS:
Acquires 50% Interest in Six New Athabasca Oil Sands Sections
January 11, 2006
Acquires 50% Interest in Six New Athabasca Oil Sands Sections
Habanero Resources Inc. ("Habanero") is pleased to announce the
acquisition of six new Athabasca Oil Sands sections in Alberta, Canada.
These Athabasca Oil Sands sections comprise 1,536 contiguous hectares
(3,795 acres). The new Oil Sands parcel is located in
4-21(range)-93(township) and 4-21(range)-93(township) of the Athabasca
Oil Sands area of Alberta.
Recently, management was informed that the test well was completed and
initial indications are positive on the Leismer Oil Sands Prospect.
Habanero has a 16.67 % net interest in this prospect. The seismic is
expected to be completed and analyzed within 10-15 days, barring any
unforeseen issues. Additionally, the core as well as the bore hole
imaging tool will be analyzed within the next 5-10 days. The results
will then be incorporated and released once final analysis is complete.
The operator stated, "My prognosis is that with the calibrated seismic
(to the well), the hole imaging tool (FMI) and the core, we will
pinpoint a thick oil sands pod for potential SAGD production."
Jason Gigliotti, President of Habanero stated, "Adding these new
contiguous sections in the Athabasca Oil Sands Area of Alberta is a
tremendous step forward in our growth strategy via the development and
acquisition of quality Alberta Oil Sands Prospects. These new sections are
contiguous and are directly beside Paramount Energy Ope and are within 10
kilometres of the $450 million Oil Sands purchase by Royal Dutch Shell.
This new acquisition is in conjunction with the ongoing activities on
two separate Oil Sands prospects Habanero has an interest in. This new
parcel also represents Habanero's largest percentage ownership interest
in any Oil Sands Prospect at 50% ownership. This new acquisition
clearly shows our ability and commitment to growing Habanero through the
Alberta Oil Sands."
Habanero is an emerging junior oil and gas company focused on oil and
gas exploration and production in North America. Habanero is one of, if
not the, smallest market-capitalized company that has interests in five
separate Oil Sands prospects, including having exposure to
approximately 55,000 acres of oil sands interests though its equity ownership in
Andora Energy Corporation ("Andora"). Habanero currently earns
conventional oil and gas revenue from multiple wells located in North America.
Habanero's goal is to become a mid-range oil and gas producer.
Habanero owns 700,000 common shares of Andora.
If you would like to be added to Habanero's email updates list, please
send an email to ir@habaneroresources.com requesting to be added.
Habanero Resources Inc.
Tel: (604) 646-6900
"Jason Gigliotti"
Jason Gigliotti, President
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
January 8, 2007
Positive Initial Results Achieved on Oil Sands Test Well
Habanero Resources Inc. ("Habanero") (Pink Sheets:HBNRF) (TSX-V:HAO)
(Frankfurt:HRJ) wishes to announce that management has been informed
that the test well has been completed and initial indications are
positive. This test well was completed on one of the Athabasca Oil Sands
Prospects (Leismer) that Habanero has a 16.67 % net interest. The seismic
is expected to be completed and analyzed within 10-15 days, barring any
unforeseen issues. Additionally, the core as well as the
bore hole imaging tool will be analyzed within the next 5-10 days.
The
results will then be incorporated and released once final analysis is
complete. The operator stated, "My prognosis is that with the
calibrated seismic (to the well), the hole imaging tool (FMI) and the core, we
will pinpoint a thick oil sands pod for SAGD production."
Jason Gigliotti, President of Habanero stated, "This is great news that
the initial indicators on this test well came back positive. This
prospect lies directly between North American Oil Sands and Petrobank and
we feel that this prospect shares similar characteristics of their Oil
Sands Prospects. We are looking forward to the coming weeks as all of
the data from the seismic program and test well are incorporated.
This now gives Habanero interest in two active Oil Sands Prospects in
Alberta."
Habanero is an emerging junior oil and gas company focused on oil and
gas exploration and production in North America. Habanero is one of, if
not the, smallest market-capitalized company that has interests in five
separate Oil Sands prospects, including having exposure to
approximately 55,000 acres of oil sands interests though its equity ownership in
Andora Energy Corporation ("Andora"). Habanero currently earns
conventional oil and gas revenue from multiple wells located in North America.
Habanero's goal is to become a mid-range oil and gas producer.
Habanero owns 700,000 common shares of Andora.
If you would like to be added to Habanero's email updates list, please
send an email to ir@habaneroresources.com requesting to be added.
BY ORDER OF THE BOARD OF DIRECTORS
"Jason Gigliotti" Jason Gigliotti, President
Habanero Resources Inc.
Tel: (604) 646-6900
Fax: (604) 689-1733
ir@habaneroresources.com
www.habaneroresources.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
This service is intended for dissemination of company information only.
This is not a solicitation to buy or sell securities. Any decision to
buy or sell securities should be discussed with a professional in the
financial industry. If you would like to be deleted from this service or
feel this message was sent in error, please send an email to
ir@habaneroresources.com with delete in the subject line and use the
exact email address as it appears in this message. If you have asked
previously to be deleted, we apologize as we have experienced some
technical difficulties in the past month.