Petromin Resources Ltd. V.PTR.H

From SGI (Signal Energy)

[optimist31]

Don't know if any of test results were posted on PTR, if so I apologize for repeat. SGI took out GRR (Goose River) that was a pertner with PTR on a few wells at Redwater. Do NOT know how many, if any, of dozen wells may have been on PTR holdings. Perhaps someone can contact Company and post in 2007. (No that is not a typo, just reflects realistic wait time for contact and return call.) Best of NY to all longs. Cheer The Optimist. ------------------------------------------------------------------- In Redwater, the infill drilling program is now complete, resulting in 11 gross (10.35 net) oil wells drilled at 100-per-cent success rate, plus one cased-hole re-entry project. Of these 12 projects, completions operations have commenced on every well with nine of the 12 locations having been successfully fractured and currently flowing on cleanup. Results to date have exceeded original expectations in terms of pay-zone quality and initial production rates on the wells tested to date. Final construction of the emulsion-gathering system and gas-compression facilities continues with management's estimate that seven to nine of the 12 projects will be on-line by year-end. Extremely tight supply of equipment and services has resulted in some delays as the company waits for required services to complete the projects as quickly as possible. Wells that are not on-line by year-end are expected to be on early in the first quarter of 2006.