Habanero Resources Inc.
Activities Commence on Athabasca Oil Sands Prospect
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Vancouver, April 26, 2006; Habanero Resources Inc. (‘Habanero’) has been
notified by the operator that it has engaged a Calgary based independent
Petroleum Consultant company to initiate activities on the Athabasca Oil
Sands Prospect (announced March 2, 2006). The consulting company has been
engaged to provide an evaluation of the potential reserves, estimated
development and operation costs, estimated future capital expenditures, and
other pertinent information regarding the potential development of this Oil
Sands prospect.
Jason Gigliotti, President of Habanero stated, “It is great to be
commencing operations on this Athabasca Oil Sands prospect. This now gives
Habanero two separate Alberta Oil Sands prospects that have activities
underway. When you consider the near all-time high prices on oil coupled
with our recent announcement of three new Alberta Oil Sands leases, this is
a great time to be working on multiple Oil Sands Prospects. As it stands,
Habanero is one of, if not the smallest market capitalized company that has
interests in two Alberta Oil Sands prospects.”
Habanero has just added three new Alberta Oil Sands leases consisting of 4
new sections in the world-class Athabasca Oil Sands region. Two of these
new sections are within 5 miles of Habanero’s existing Athabasca Oil Sand
Prospect. 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 ConocoPhilips. The
other new Alberta Oil Sands lease acquired consists of two contiguous
sections that lie just southwest of the announced Royal Dutch Shell Plc Oil
Sands leases which they recently purchased for approximately $400 million.
Habanero is an emerging junior oil and gas company focused on oil and gas
exploration and production in North America. Habanero is one of, if not the
smallest market capitalized companies that has interests in five separate
Oil Sands prospects. Habanero currently earns conventional oil and gas
revenue from multiple wells located in North America. Habanero’s goal is to
become a mid range oil and gas producer.
BY ORDER OF THE BOARD OF DIRECTORS
“Jason Gigliotti”
Contact:
Value Relations GmbH
HRJ@ir-services.de
(c)DGAP 26.04.2006
—————————————————————————
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
—————————————————————————
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found