Canoro Resources Ltd.
TSX VENTURE : CNS

Canoro Resources Ltd.

November 20, 2006 08:00 ET

Canoro Starts Drilling at Amguri 10

CALGARY, ALBERTA--(CCNMatthews - Nov. 20, 2006) - Canoro (TSX VENTURE:CNS) announces that yesterday it began drilling operations at the Amguri 10 well. The Amguri 10 well is being drilled from a pad adjacent to Amguri 6 to a planned vertical depth of 4,000 meters. The main Barail producing formation is expected to be drilled and tested in mid-December. All drilling and testing operations down to basement are expected to be completed in mid-January.

Canoro is a Canadian-based international oil and gas company operating in the Assam/Arakan basin of northeast India. Canoro has a 60% working interest in and is the operator of the Amguri field. Canoro has a 65% working interest in and is operator of the AA-ON/7 exploration block. Canoro has a post-farmout 15% non-operated working interest in the 295 km2 AA-ONN 2003/2 exploration block.

Common shares of Canoro trade on the TSX Venture Exchange under the symbol 'CNS'.

Certain statements contained in this news release may be considered as "forward looking". Such statements are generally identifiable by the terminology used, such as "intend", "plan", "expect", "appears", "anticipate", "estimate", "budget", "outlook" or other similar words. Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.

Contact Information

  • Canoro Resources Ltd.
    Rob McInnis
    Director, Investor Relations and New Ventures
    (403) 543-5748
    (403) 543-5740 (FAX)
    or
    Canoro Resources Ltd.
    2810, 715 - 5th Ave SW
    Calgary, Alberta T2P 2X6
    Website: www.canoro.com