Habanero Resources Inc.
Habanero Resources: Seismic Operations now complete on Peace River Oil Sands Prospect In Alberta, Canada
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
——————————————————————————
Vancouver, April 3, 2006 – Habanero Resources Inc. (HAO: TSX Venture
Exchange, HRJ: Frankfurt Stock Exchange) is extremely pleased to announce
that it has been informed by the operator of the Peace River Oil Sands
Prospect (announced November 17, 2005) that the seismic operations are now
complete. The seismic data will now be interpreted and evaluated with the
known geology and previously gathered information to determine the
proceeding steps for the potential Oil Sands pilot project planned for this
prospect.
Jason Gigliotti, President of Habanero Resources stated, “This is great to
be achieving milestones on the Alberta Oil Sands projects that we are
participating in. When you consider the ongoing activities that are
occurring on the Alberta Oil Sands projects and the recently announced
conventional drilling and couple these with the near all time highs on oil
prices, clearly these are exciting times of growth for Habanero. As it
stands, Habanero is one of if not the smallest market capitalized companies
that has interests in two Alberta Oil Sands prospects.”
The Oil Sands of Canada hold recoverable reserves of 175 billion barrels
with a proven reserve life of 480 years and another 130 billion barrels of
potential reserves, which is second only to Saudi Arabia’s 262 billion
barrels. As a comparison, the United States has only 29 billion barrels of
recoverable reserves and has decreasing domestic production while their
demand is increasing by 1-2% every year. Canada is in an optimal position
to supply oil to the US with its favorable political climate, close
proximity and being one of the few non-OPEC countries which can grow its
oil production.
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 two separate
prospects (Peace River Oil Sands prospect announced Nov 17, 2005 and
Athabasca Oil Sands prospect announced March 2, 2006) in the Alberta Oil
Sands. Habanero’s goal is to become a mid range oil and gas producer.
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 03.04.2006
—————————————————————————
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