Pemberton Energy Ltd. (TSX.V:PBT, FSE:P5W) received a drill license on November 30, 2007 for its first of three drill locations on its Gage Peace River Arch Property. Licensed drill location LSD is 6-15-82-03-W6M. Project depth is estimated at 1047 meters. The Company will test both Notikewan and Gething gas zones.
Pemberton Energy Ltd. has now secured a single drill rig No. 9 with Phelps Drilling Co. of Calgary, AB instead of single drill rig No 8, as previously announced on November 22, 2007, due to unforeseen delays that have now been resolved.
Pemberton Energy Ltd's principal business is the acquisition, exploration and development of petroleum properties.
The company continues to focus on its primary corporate objective: the creation of value for shareholders by identifying oil and gas accumulations with relatively low geological risk but with substantial reserve potential. -- www.cnxmarketlink.com
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