Palisades Petroleum Corporation: North Buffalo Montana 'USA' Participation Agreement.RENO, Nev. -- Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). Petroleum Corporation (PINK SHEETS:PAPT) announced on September 6, 2005 that the Company had finalized agreements to acquire substantial Oil and Gas interests in Chouteau County, Montana Chouteau County is a county located in the North-Central region of the U.S. state of Montana. As of 2000, the population is 5,970. Its county seat is Fort BentonGR6. (USA) The company is pleased to announce that it has completed the transaction and has entered into a working interest participation agreement on the North Buffalo North Buffalo may refer to:
The working interest consists of an undivided fifty percent (50%) interest in the oil and gas leases and geological data, and an undivided fifty percent (50%) interest in the participation of the drilling, completion and pipeline hook-up costs of the first Prospect well ("initial test well"), currently intended to be the Seidler #173-10 well, which is proposed to be located in Section 1-NWSE, Township 27 North, Range 3 East, Chouteau County, Montana. This first well on the North Buffalo Property off sets an Exxon Company, USA www.exxonmobil.com well drilled and tested in 1989. The well tested at 802 MCFG MCFG Thousand Cubic Feet Gas MCFG Memory Mapped Configuration /D (Eight Hundred and Two Thousand Cubic Feet of Gas per day). The initial wells in the North Buffalo prospect will be drilled within 1/2 mile of an existing gas gathering line, the close proximity of which will expedite gas sales. Palisades Petroleum Corporation continues to attract investment dollars to further its goal to drill and complete a number of producing wells in the Rocky Mountain Region The Rocky Mountain Region is a floristic region within the Holarctic Kingdom in western North America (Canada and the United States) delineated by Armen Takhtajan and Robert F. Thorne. of the United States of America UNITED STATES OF AMERICA. The name of this country. The United States, now thirty-one in number, are Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, New Hampshire, . Further information on the progress of the Companies activities will be presented on a timely basis. Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and seismic reports; the ability to close the acquisition of Oil and Gas exploration properties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in Palisades Petroleum Corporation filings with the Pink Sheets LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and may be accessed at www.pinksheets.com. Palisades Petroleum Corporation (PINK SHEETS:PAPT) |
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