OilVoice - PrimeGen Energy Reports Oil Discovery in Timan-Pechora

PrimeGen Energy Reports Oil Discovery in Timan-Pechora

Wednesday, July 01, 2009

PrimeGen Energy Corp. advises that the Timan-Pechora Project oil well is a producing, commercially viable well.

The oil well was drilled, cased, completed and stimulated during the past month. This initial well is the first of 10 wells that are planned to be drilled and completed for the Timan-Pechora Project. Further details will be announced to stakeholders regarding the timing of the on-going development plan as information becomes available.

"We're obviously delighted with the results of this well," said Robert Charlton, President of PrimeGen. "We found what we hoped for when we entered the program. In addition, the short time between contract signature and production success is a testament to the good will and cooperation we have received from Kozik Energy Ltd."