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DELORO RESOURCES LTD V.DLL



TSXV:DLL - Post by User

Post by golf20on Jun 17, 2009 11:24am
353 Views
Post# 16077523

News

News

DELORO BEGINS PERMITTING PROCESS TO EXPAND WELL PROGRAM

DELORO RESOURCES LTD.
Suite 900, 925 West Georgia Street
Vancouver, BC V6C 3L2
Telephone: (604) 484-5761

June 17, 2009 TSX.V: DLL

Deloro Resources Ltd is pleased to announce that the Deloro/Electro-Petroleum Inc. Joint Venture have agreed, that Deloro’s management shall start the application process today with the Saskatchewan Ministry of Energy and Resources to expand the area of the EEOR Direct Current Stimulation Program. The original approval applied only to the existing horizontal well (117.3A2-25-3D 10-24-38-20) and the new application will include additional wells on the Deloro lands. Along with the expansion application Deloro’s management will make a separate application for a well licence to drill a new horizontal well.

Review of the Wilkie Project

The Deloro 100-per-cent-owned Wilkie project is located eight miles south of Wilkie, Sask. The Wilkie property consists of approximately 3,765 leased acres of petroleum and natural gas rights. These governments of Saskatchewan leases cover a channel in the McLaren zone one-half to three-quarters of one mile wide and approximately five miles long. The zone is at a depth of 2,035 feet with five vertical wells and one horizontal well drilled into the structure defining a heavy oil pay zone with gross sand thickness of 30 feet to 50 feet. Reliance Engineering Group Ltd. recently completed an independent report in which estimates of discovered resources were performed in accordance with National Instrument 51-101 guidelines and generally accepted industry standards. The discovered resources were calculated based on McLaren sand net pay Isopach maps and the average reservoir parameters. The original discovered resources underneath company land were calculated to be approximately 63.1 million stock tank barrels.Shareholders and other interested parties are invited to visit the Company Web Site at www.deloro.ca for additional information.

Louis P. Lees

President and Chief Executive Officer

Phone: 360 371 2820

Phone: Mark Tommasi 877 454-0383

Vancouver Office: 604 484 5761 ext 29

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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