Petro-Reef Resources Ltd.

Petro-Reef Resources Ltd.

March 21, 2011 08:26 ET

Petro-Reef Resources Ltd.- Drilling Update

CALGARY, ALBERTA--(Marketwire - March 21, 2011) - Petro-Reef Resources Ltd. (TSX VENTURE:PER), ("Petro-Reef" or the "Company") announces that it has completed the drilling of a Northern Alberta well and has set production casing. The Company expects to complete and production test the well in the next 90 days.

Also, Petro-Reef has completed the licensing of 2 locations at Alexander, Alberta and expects to spud the first of these 2 wells early next week subject to weather conditions and road bans. Two additional well licenses at Alexander are expected to be approved by the end of next week.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Petro-Reef Resources Ltd.
    Theodore M. Donhuysen
    President and C.E.O.
    (403) 265-6444
    (403) 264-1348 (FAX)
    Petro-Reef Resources Ltd.
    970, 10655 Southport Road S.W.
    Calgary, Alberta T2W 4Y1