Deloro Resources Ltd.
TSX VENTURE : DLL

Deloro Resources Ltd.

June 08, 2009 10:03 ET

Deloro Resources Ltd.: Production Testing Begins at Wilkie

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2009) - Deloro Resources Ltd. (TSX VENTURE:DLL) is pleased to report that the Production testing has commenced on schedule on the Wilkie heavy oil project in the Province of Saskatchewan, Canada. Current testing is evaluating one of the six wells on the property. This testing will continue to evaluate the full production potential of a horizontal well and the new technology being utilized.

Review of the Wilkie project

Deloro Resources reached an agreement with EPI in 2008 to conduct a full pilot test using EPI's electrically enhanced oil recovery (EEOR) technology on Deloro's heavy oil Wilkie properties. Once the pilot test is deemed successful, the project will proceed to full development and EPI will earn a 10-per-cent working interest in the Wilkie project for the use of its technology. The Deloro 100-per-cent-owned Wilkie project is located eight miles south of Wilkie, Sask. The Wilkie property consists of approximately 3,765 leased acres of petroleum and natural gas rights. These governments of Saskatchewan leases cover a channel in the McLaren zone one-half to three-quarters of one mile wide and approximately five miles long. The zone is at a depth of 2,035 feet with five vertical wells and one horizontal well drilled into the structure defining a heavy oil pay zone with gross sand thickness of 30 feet to 50 feet. Reliance Engineering Group Ltd. recently completed an independent report in which estimates of discovered resources were performed in accordance with National Instrument 51-101 guidelines and generally accepted industry standards. The discovered resources were calculated based on McLaren sand net pay Isopach maps and the average reservoir parameters. The original discovered resources underneath company land were calculated to be approximately 63.1 million stock tank barrels.

Shareholders and other interested parties are invited to visit the Company Web Site at www.deloro.ca for additional information.

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.

Contact Information

  • Deloro Resources Ltd.
    Louis P. Lees
    President and Chief Executive Officer
    360 371 2820
    or
    Deloro Resources Ltd.
    Mark Tommasi
    877 454-0383
    or
    Deloro Resources Ltd.
    Vancouver Office
    604 484 5761 ext 29
    www.deloro.ca