Primary Petroleum Corporation

Primary Petroleum Corporation

November 30, 2010 10:01 ET

Primary Petroleum Provides Technical Update and Increases Land Holdings to 170,000 Net Acres in Alberta Basin Bakken Prospsect Fairway in Western Montana

CALGARY, ALBERTA--(Marketwire - Nov. 30, 2010) - Primary Petroleum Corporation (TSX VENTURE:PIE)(PINK SHEETS:PETEF) ("Primary" or the "Company") is pleased to provide both a technical and land acquisition update on its Alberta Basin Bakken Prospect in Western Montana.

To date the Company has evaluated wireline logs, well cuttings, and one core from 32 wells that have penetrated the Bakken Formation in the Alberta Basin Bakken fairway of western Montana. The well cuttings and core were accessed at the USGS facility in Denver and the Montana Board of Oil and Gas in Billings, Montana. With this additional data, Primary is better able to understand the deposition and distribution of the Lodgepole, Bakken and Three Forks Formations underlying the Company's lands.

The Company has also evaluated five cores from southern Alberta at the ERCB core storage facility to assist in understanding stratigraphy, lithology, reservoir and source rock relationships and formation contacts between the two areas.

Extensive oil saturation in the only available Bakken core found to date has been confirmed, along with TOC values in excess of 14% being measured from the organic-rich shale interval. As well, oil staining and fluorescence have been observed in the cuttings from other wells in the area. This information strongly suggests that there is potential for the occurrence of high-quality source rock in the oil generation window, as well as an oil migration fairway beneath Primary's lands in the Bakken fairway of Western Montana.

Primary is also very pleased to update its shareholders and the financial community on the status of our Land Acquisition Strategy. We have added over 20,000 net acres to our Area of Interest land holdings in the Bakken Fairway of Western Montana. The Company currently holds over 170,000 net undeveloped acres (266 sections). With the technical data collected and evaluated to date, Primary's Land Acquisition Strategy will continue in key areas.

Primary's continued encouragement as to the hydrocarbon potential of its land holdings in the Alberta Basin Bakken fairway in Western Montana, has resulted in the Company moving forward on putting together an exploration program which includes shooting additional 3D seismic, selecting optimum drilling locations, and the selection of a qualified joint venture partner to develop the Company's acreage.

About Primary Petroleum Corporation: Primary is a junior oil and gas company engaged in exploration and development activities in Montana and Alberta. The Company's mandate is to continue to acquire strategic land positions of merit in the Sedimentary Basin of the Western United States and Canada and seek out qualified industry partners to exploit and develop them.

To find out more about Primary Petroleum visit our website at

Neither 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.

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