Altima Resources Ltd.

Altima Resources Ltd.

April 12, 2012 10:30 ET

Altima Reports Completion of Horizontal Well at Chambers-Ferrier, Alberta

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2012) - Altima Resources Ltd. (TSX VENTURE:ARH)(PINKSHEETS:ARSLF)(FRANKFURT:AKC) announces that the Operator of the COPOL ET AL HZ CHAMBERS 14-15-41-11 W5M well (reference News Releases dated February 1, 13, 28, March 13 and 19, 2012) completed a multi-stage fracturing program over a two-day period from March 28 through March 29, 2012. Ten of eleven zones were successfully stimulated. Fracturing treatment included over 575 tons of injected sand with 2,960 cubic meters (782,000 US gal) of total fluid.

Seasonal break-up road conditions have resulted in the curtailment of flow-back fluid transport. Prior to the temporary curbing of operations, the well recovered approximately 48% of the frac fluid. The well will remain shut-in until road bans are lifted and completion operations can once again commence.

Richard Switzer, CEO, President and a Certified Professional Geologist, is the Qualified Person under NI 43-101 responsible for preparing and reviewing the data contained in this press release.


Richard Switzer, CEO

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and applicable Canadian provincial securities legislation (together, "forward-looking statements"). Forward-looking statements include, but are not limited to, statements with respect to the terms and conditions of, the completion of and the use of proceeds of the proposed transactions. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; and delay or failure to receive board, shareholder or regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Altima disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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 release.

Contact Information