Archer Petroleum Corp.

Archer Petroleum Corp.

June 05, 2013 10:20 ET

Archer Petroleum Corp - Encounters 48 Feet of Pay on Davenport Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 5, 2013) - Archer Petroleum Corp (TSX VENTURE:ARK)(OTCQX:APEUF)(DBFrankfurt:A6VA) ("Archer" or the "Company") is pleased to announce the following results of a recent core drilling test on its 100% owned Davenport project in Logan County, Kentucky, USA: The test was completed by American Engineers, Inc., using a truck mounted coring rig with a 2 inch barrel. The test encountered approximately 48 feet of heavy oil/bitumen saturated sandstone in the Big Clifty formation. Two distinct seams of oil saturated sandstone were observed, both showing significant bleeding of oil from the core sections & petroleum odors. The hole was drilled to a total depth of 86 feet with overburden and inter-burden measuring approximately 36 feet yielding a ratio of 0.75 feet of overburden/inter-burden per foot of oil sand pay.

VP of Operations, Aaron Wilson, states: "We are very impressed with the results of the recent test of the Davenport project and believe it provides further evidence of the prospective nature of the project area for heavy oil/bitumen extraction utilizing the proprietary technology the Company has secured access to. Further testing will be performed to determine oil saturation levels of the core taken in due course".

About Archer Petroleum:

Archer Petroleum Corp. is an independent energy company focused on exploration and development in North America. The Company's shares are listed on the TSX Venture Exchange under the symbol "ARK" and the DB Frankfurt exchange under "A6VA". Further information on Archer can be found on the company's website at


Colin Bowkett, Director


Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" occur. Forward-looking information in this press release includes, but is not limited to, statements regarding expectations of management regarding the acquisition of the Sunnyside Tar Sands bituminous/asphaltic sands lease, the size of this deposit relative to others in the United States, and the expected timing for execution of formal lease documents. Although the Company believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including, without limitation, the risks that the parties may not enter into a definitive agreement, that the TSX Venture Exchange may not approve the transaction and that the conditions to closing of the transaction may not be satisfied.

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 news release.

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