"Wingman" 3D Seismic Survey Underway on Terra Nova Energy's PEL 444
30 Julio 2013 - 1:21PM
OTC Markets
?Wingman? 3D Seismic Survey Underway on
Terra Nova Energy?s PEL 444
June 10, 2013 ? Vancouver, British Columbia ? Terra Nova Energy
Ltd. (TSXV: TGC) ("Terra Nova") reports
seismic crews set camp and began line preparation on Petroleum
Exploration License (?PEL?) 444 on May 29, 2013. Line preparation
is the initial phase of the ?Wingman? 3D Seismic Survey which
targets acquisition of 80 square kilometers of 3D seismic data in
the southeast corner of PEL 444?s lower panhandle. The scope of the
Wingman Survey is designed to mature two (2) Birkhead formation
exploration leads to prospect status.
As of June 4, 2013, line preparation on the Wingman Survey was 78%
complete and more than 45% of seismic lines had been surveyed and
pegged. The recording phase of the Wingman Survey is expected to
begin on or about June 18, 2013. Terrex Pty. Ltd. (?Terrex?) is the
seismic contractor for the Wingman Survey. Terrex is the largest
supplier of land seismic acquisition services in Australia and has
been in continuous operations for more than 30 years.
Terra Nova also reports that access road construction and site
preparation on PEL 112 continues on schedule. Approximately 17
kilometers (10 miles) of access road has been graded, and 12
kilometers (7.5 miles) of clayed road has been constructed. The
Wolfman #1 exploration well?s projected early July 2013 spud date
remains unchanged.
About Terra Nova Energy Ltd.
Terra Nova Energy Ltd. is an oil and gas company with a right to
acquire up to a 55% working interest in two onshore petroleum
exploration licenses (?PELs?), being PEL 112 and PEL 444, located
on the western flank of the Cooper Eromanga Basin in the State of
South Australia, Australia. Its common shares trade on the
TSX Venture Exchange under the symbol "TGC".
For more information please contact:
Terra Nova Energy Ltd.
Nico Civelli
VP
Finance
+41 44 217 4804
civelli@niconsult.ch
Forward looking information
This news
release contains forward-looking information relating to Terra
Nova?s intentions to conduct the seismic program and subsequent
drilling programs and other statements that are not historical
facts. Such
forward-looking information is subject to important risks and
uncertainties that could cause actual results to differ materially
from what is currently expected, for example: risks related to oil
and gas exploration, development, exploitation, production,
marketing and transportation, loss of markets, volatility of
commodity prices, currency fluctuations, competition from other
producers, inability to retain drilling rigs and other services,
reliance on key personnel, and insurance risks. In making such forward-looking
statements, Terra Nova has relied upon certain assumptions relating
to geological settings, commodity prices, the stability of markets
and currencies, the availability of capital, and Terra Nova?s
ability to continue with the seismic and drilling
programs. You should
not place undue importance on forward-looking information and
should not rely upon this information as of any other date. While
Terra Nova may elect to, Terra Nova is under no obligation and does
not undertake to update this information at any particular time,
except as required by applicable securities law.
Neither the
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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