Altima provides drilling update

Thursday, December 8, 2011
  • Altima Resources provides BLZ et al DD Rainbow 13-11-111-05W6M well drilled depth 1,732 meters.
  • Altima controls oil and gas rights on 3,040 acres in the Rainbow B2B pool area.

Altima Resources Ltd. reports that the BLZ et al DD Rainbow 13-11-111-05W6M well was drilled to a total depth of 1,732 meters and abandoned. Testing indicated the hydrocarbons encountered were not commercial at the subject location. Altima and its partners control oil and gas rights on 3,040 acres in the Rainbow B2B pool area. Further evaluation and a technical review of the area will be conducted to determine if additional offset drilling is warranted.

ON BEHALF OF THE BOARD

Richard Switzer, President and CEO

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. More

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