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Bullboard - Stock Discussion Forum Paramax Resources Ltd V.PXM

TSXV:PXM - Post Discussion

Paramax Resources Ltd > Response from CEO Mike Smith
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Post by massEntropy on May 07, 2011 10:17am

Response from CEO Mike Smith

xxxxx:

Thank you for your email inquiry.

As you may have read, approval was given by the Idaho regulatory bodies to proceed with our stimulation program in Hamilton, as well as to increase our well density from one well per section to four.  Bridge is currently sourcing frac equipment.

An agreement has been signed with Willams NWP, and work has begun on the hot tap into the pipeline.  Zoning approval is expected on May 20th for the meter station.  Pipe has been ordered for the pipeline, and a final facilities design and contract to begin the dirt work is set to be executed mid-May.

We will endeavour to issue a press release as soon as we have all of the above in place, which I anticipate before months end.

Best regards, Mike
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