Portrush Releases Waubuno Seismic Results
2008-08-06 15:52:00
Portrush Releases Waubuno Seismic Results
VANCOUVER–(EMWNews)–Portrush Petroleum Corporation (TSX VENTURE:PSH) (OTCBB:PRRPF)
(http://www.portrushpetroleum.com)
completed a 3D Seismic Survey in early May 2008 over its Waubuno
property in Moore (St. Clair) Township, Lambton County, Southwestern
Ontario and has received a favorable geophysical report and
interpretation from its consultants in Calgary.
A good Niagaran pinnacle reef anomaly is reported to lie within the
150-acre unit known as the Waubuno Prospect, which was spaced and pooled
by Portrush in 2005 and 2006. In 2007 the Portrush et al #1, Moore
5-13-III exploratory test was drilled and suspended after encountering
near reef geological conditions. This Well was drilled on limited 2D
Seismic data and the original interpreted anomaly is now considered as “side
swipe” to a pinnacle reef.
Several key maps and Seismic lines from the 3D survey are presented in
the Report to show an interpreted Niagaran Pinnacle Reef exists within
this 3D volume. The A2 Carbonate time structure
map shows an A2 structural high on the eastern
flank of a B Salt hole. This is the area thought to be most influenced
by the interpreted pinnacle reef, which underlies this time high. This
is further supported by an A2 Salt map which
shows salt termination against the interpreted reef margin. An A1
Carbonate amplitude map reveals a strong amplitude anomaly along the
western margin of the interpreted pinnacle reef. The A1
Carbonate Sucrosic Dolomite porosity with an oil show encountered
in the Portrush et al #1, Moore 5-13-III suspended well was tied to the
Seismic. This porosity and aerial distribution of Dolomite is a strong
indication of reefing to the east. It also represents an added bonus of
a potential commercial oil leg existing in Lot 13, adjacent to the west
flank of a pinnacle reef in Lots 12 and 13, Concession III, Moore
Township.
A drill location to test the interpreted crestal position of a
postulated pinnacle reef has been surveyed. An application for a drill
permit for the Portrush et al #2, Moore 6-12-III was filed by Hadley
Resources Limited (Canada) with the Ministry of Natural Resources on
July 31, 2008
About Portrush Petroleum Corporation:
To find out more about Portrush Petroleum Corporation visit our website
The statements made in this Press Release may contain forward-looking
statements that may involve a number of risks and uncertainties. Actual
events or results could differ materially from the Company’s
expectations and projections.
ON BEHALF OF THE BOARD
Mr. Martin Cotter, President & Director
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Portrush Petroleum Corporation & Director, 866-939-2555 |
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