SOURCE: Pacific Energy & Mining Company

Pacific Energy & Mining Company

December 23, 2009 06:30 ET

Pacific Energy Announces Completion of Johnson Bottoms Unit Well

RENO, NV--(Marketwire - December 23, 2009) - Pacific Energy & Mining Company (PINKSHEETS: PEMC) is pleased to announce that the initial well at the newly unitized Johnson Bottoms Unit has been drilled and all production equipment has been installed. The well was placed on production on December 19, 2009.

Approximately 3,000 feet of horizontal section was drilled. Production testing over the next 60 days will help in determining the productivity of the reservoir.

The Operator of the Unit is Questar Exploration and Production, subsidiary of Questar Corp. The production is from the Greenriver formation at an approximate depth of 7,000 ft. All information on the drilling of the horizontal well is being held confidential.

For further information on the Unit agreement visit www.pemc.us

About PEMC

The Company, through a General Partnership, holds working interest in oil wells in Cedar Rim Oil Field in Utah and working interest in numerous non-operated oil and gas wells in Oklahoma. Additionally PEMC owns interest in Brennan Bottoms Oil Field in Uintah County, Utah, and interests in oil and gas fields in Grand County, Utah.

Disclaimer

The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or further changes make it clear that any projected results (expressed or implied) will not be realized.

Contact Information

  • Contact:
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    Investor Relations
    Int'l 1 954 360 9998
    US 866 360 9998