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Los Angeles, CA -- (SBWIRE) -- 01/20/2014 -- Hotpennystocknews.com issues special report on - Primary Petroleum (PETEF),Excelsior (OTCMKTS:EXMGF)
Primary Petroleum (PETEF) has concentrated the majority of its resources in the acquisition of prospective oil and gas acreage in Northwestern Montana. The Company has an operated working interest in a large contiguous land position, in excess of 370,000 gross, 310,000 net acres, in the Southern Alberta Basin in Pondera and Teton Counties of northwestern Montana.
Incorporating the knowledge acquired from a recently completed $41 million exploratory drilling program, Primary has gone on to identify a number of well supported exploration and development opportunities in formations ranging from the Cretaceous period to the Devonian period . Primary's land capture is offsetting the previously exploited Pondera Field which produced a total of 29MM barrels of oil.
All Primary's new play types encompass petroleum systems with carbonate and clastic targets. Favourable mineralogy and multiple pay intervals are some of the key characteristics demonstrated by the plays developed.
A combination of Company Exploration and successful analogues provides a basis for future exploration and development opportunities on the Primary Southern Alberta Basin Pondera Teton Prospect in Northwestern Montana.
PETEF is +0.09 - +81.82% from the previous close of $0.11. It traded between $0.0847 - 0.22 with total traded volume of 822270 shares. Keep a close eye on PETEF, as the stock has been showing unusual moves over the past weeks. At Current market price, PETEF has recovered +566.67% from its 52-week Low of 0.03 and has Pulled back -28.57% from its 52-week high of 0.28.
Get Analysts' Upgrades On PETEF.
Excelsior (OTCMKTS:EXMGF) is developing a low cost copper project within the copper porphyry belt of Arizona. Over 60,000 metres have been drilled to date on Gunnison, which has a Probable Mineral Reserves of 3.61 billion pounds (632 million tons at 0.29% copper) and Measured and Indicated Mineral Resources of 3.91 billion pounds (683 M tons at 0.29%). Mineral resources are inclusive of mineral reserves This oxide and transition portion of the mineral reserve has the potential to be mined using in-situ recovery methods.
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