Habanero Resources Inc.
Habanero Resources Acquires Three New Athabasca Oil Sands Leases
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Vancouver, April 11, 2006 – Habanero Resources Inc. (‘Habanero’) is
extremely pleased to announce that it has acquired three new Athabasca Oil
Sands leases in Alberta, Canada. These new leases were acquired through the
recently announced Oil Sands Partnership (announced February 27, 2006) of
which Habanero has a 25% working interest. The three leases are comprised
of four sections, for a total of 1,024 hectares, as follows:
– Lease 453, Section 5, Township 78, Range 8W4 – 256 hectares
– Lease 476, Section 11, Township 78, Range 9W4 – 256 hectares
– Lease 489, Section 12 and 13, Township 86, Range 25W4 – 512 hectares
Leases 453 and 476 are within 5 kilometers of our existing Athabasca Oil
Sands lease (announced March 2, 2006). These two new sections are close to
the existing Oil Sands leases held by Connacher Oil and Gas’s Great Divide
Prospect, as well as to other major Oil Sands projects by Devon, Encana,
and Cononco Philips.
Lease 489 consists of two contiguous sections that lie just southwest of
the recently announced Royal Dutch Shell Plc Oil Sands leases, which they
purchased for approximately $465 million.
Jason Gigliotti, President of Habanero Resources stated: ‘This is great
news for Habanero and Habanero’s shareholders. For us to increase our land
position in the Alberta Oil Sands is a significant move forward in the
corporate growth of Habanero. This now gives Habanero interests in five
separate Alberta Oil Sands leases, which should indicate to our
shareholders our ongoing efforts to build Habanero though development and
acquisition of Alberta Oil Sands prospects. When you factor in these new
Alberta Oil Sands acquisitions with the on-going activities occurring on
our conventional drilling, our oil sands prospects, and the near all-time
highs for oil prices, clearly these are exciting times for Habanero’s
growth.’
If you would like to be added to Habanero’s email updates list, please send
an email to ir@habaneroresources.com requesting to be added.
Contact Information:
Tel 604-646-6900
Fax 604-689-1733
ir@habaneroresources.com
www.habaneroresources.com
BY ORDER OF THE BOARD OF DIRECTORS
Jason Gigliotti, President
Contact:
Value Relations GmbH
HRJ@ir-services.de
(c)DGAP 11.04.2006
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language: English
emitter: Habanero Resources Inc.
1205 – 789 West Pender Street
V6C 1HZ Vancouver, BC Kanada
phone: +1 604 646-6900
fax: +1 604 689-1733
email: gigblackberry@telus.net
WWW: –
ISIN: CA4044471049
WKN: 872019
indexes:
stockmarkets: Freiverkehr in Berlin-Bremen, Stuttgart, München; Open Market
in Frankfurt; Foreign Exchange(s) Canadian Venture Exchange
End of News DGAP News-Service
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