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Author Topic: PPTL going to be some move tomorrow
Paintball
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PPTL .0215

Premium is an emerging junior oil and gas company financially well connected, coupled with a strong management and technical team dedicated to creating shareholder value by focusing on exploiting oil and gas reserves in the Western Canadian Sedimentary basin to 2,000 meters in depth.

The growth strategy includes: grass roots land assembly, acquisitions, joint venture participations (Farmin/Farmout), and corporate acquisitions.


Management will pursue the following growth strategies:

Land Assembly:

Management believes that the wholesale way to participate in the oil and gas industry is to purchase land on the basis of sound geological fundamentals, of which the primary criteria is offsetting existing production.

Farmin / Farmout:

A Farmin is when the company participates in someone else’s project, and a Farmout is when someone else participates in the company’s project. Both strategies will be utilized depending on the timing, risk factor, initial financial commitment, and potential size of a given project.

Acquisition:

The company will seek opportunities to grow by acquisition. Both land acquisitions as well as production acquisitions with upside drilling potential will be sought, however, given the current high commodity prices, it requires patience to find an acquisition that has existing production, upside potential, and is realistically priced.


Boyne Lake Prospect:


The company has purchased the petroleum and natural gas rights to a section (640 acres) of land 100 km north east of Edmonton Alberta, Canada.

A well was recently drilled three quarters of a mile north west of the property was absolute open flow tested (AOF) at 3.4 mmcf per day. An engineering report and a geology report were commissioned on Boyne Lake. Based on well logs available from this recently tested well, an abandoned well on the property drilled in 1987, and also other well logs available in the area, our engineer has assigned a value of probable plus possible reserves at a 10% net present value discount equal to $5,000,000 per well. With a dry hole cost of approximately $180,000 per well this results in an exceptional risk reward ratio of greater than 25:1 at current commodity prices.

Because of the shallow depth of the two potential target zones (2100 feet approximately), it is possible to apply to drill 4 wells per section. Once the first well is drilled and tested, the company will likely pursue the purchase of an additional two sections of adjacent lands. The company plans to drill the first well on this prospect within 90 days, subject to rig availability.

In the interest of diversifying risk, the company’s strategy is to Farmout up to a 50% working interest (after payout) to third parties.

Whitemud Gas Prospect:

The company has been offered the opportunity to participate in a proposed 10 section (6,400 acre) shallow gas drilling program located in southwestern Saskatchewan. The company is currently conducting engineering and geological due diligence. The initial indication is that potentially drilling 4 wells per section for a total of 40 wells over 10 sections could result in a possible reserve value in excess of $100,000,000.

Management

Bruce A. Thomson, B.A.Sc. President, CEO, Director - Over 30 years of entrepreneurial business experience in private and public companies, with expertise in management, marketing, and finance.

Edwin Mah, B, Com., SMA, CMA Secretary, Director - Over 20 years experience in accounting and venture capital finance.

Paul J. Bennett, H.B.SC., M.Sc., P. Geol Vice President Exploration Advisory Board Member - A seasoned senior oil and gas manager and an accomplished explorationist with many significant discoveries to his credit.

E. P. (Ted) Webb, P.Eng. Vice President Engineering Advisory Board Member - Over 40 years of domestic and international engineering experience in the oil patch, including 33 years of consulting to private and public companies.

Tom Walton, B.Com., Professional Landman, Advisory Board - Over 31 years experience, over 50 clients, negotiated over $4 billion in acquisitions and mergers.

Doug McClennan, Advisory Board - A seasoned expert in the well service industry, Doug brings a wealth of expertise in well completions and well servicing, as well as an extensive network of industry contacts.

Investor Info

US OTC Trading Symbol, Pink Sheet – “PPTL”

http://www.premiumpetroleum.com/index.php

Premium Petroleum Inc.
1610, 736 – 6 th Avenue Street SW
Calgary , Alberta T2P 3T7
Canada

Voice: 403-264-2710

Fax: 775-243-9320

Bruce A. Thomson, B.A.Sc.
President & CEO
brucethomson*premiumpetroleum.com

Posts: 14 | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
daytrader1
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Had some good news after close yesterday. management team looks STRONG.

RETRANSMISSION: Premium Petroleum, Inc. Adds Senior Petroleum Landman to its Management Team
Tuesday May 16, 9:45 am ET

CALGARY, ALBERTA--(MARKET WIRE)--May 16, 2006 -- Premium Petroleum Inc. (Other OTC:PPTL.PK - News) is pleased to announce the appointment of Tom Walton, B.Com. as the company's Petroleum Landman, and also as an Advisory Board member.

ADVERTISEMENT
With over 31 years of industry experience, and more than 50 clients, Tom has negotiated over $4 billion in acquisitions and mergers in the oil patch.

Tom graduated from the University of Manitoba with an honors degree in Commerce in 1971. In his career as a landman, Tom has been involved in several significant discoveries in the Western Canadian basins. He is a seasoned negotiator and an accomplished agreement writer. He began his career with Mobil Oil Canada, Ltd. in January, 1974. While at Mobil, he was mentored by several seasoned landmen and in 1977 he moved on to work with Forest Oil Corporation. After three years at Forest doing work in a variety of areas, he left to become a land consultant.

In his 25 years as a consultant, Tom has been employed by over 50 different clients and has performed all aspects of land work. Over the last 10 years he has been almost exclusively employed as an Acquisition and Divestiture expert and has closed sales involving over 4 billion dollars worth of oil and gas properties. In his consulting capacity he has worked in all provinces of Western Canada and more than 15 states in the United States of America. Tom continues his consulting practice in addition to fulfilling his duties with Premium.

The Company will be looking to Mr. Walton to advise and manage the legal documentation as needed to assist the Company in its exploration and development projects, acquisition opportunities, joint ventures, and grass roots land assembly opportunities in accordance with the stated objectives set out by the Company.

Bruce Thomson, President & CEO, states, "The biggest asset of any successful oil and gas company is the quality of its people."

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JF Glass Works
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Has anyone recieved the investment information from PPTL? Does it contain information that is not found through DD on the web?

--------------------
COMMUNICATION CAUSES LEARNING!!!!!

Posts: 136 | From: Ahwahnee, Ca | Registered: Apr 2006  |  IP: Logged | Report this post to a Moderator
jordanreed
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some good news,,,Premium Petroleum Corp. Announces Flowing Oil Sands-New Pool Discovery on Boyne Lake Prospect, "Tight Hole" Status Expires
9:45a ET April 17, 2007 (Market Wire)
Premium Petroleum Corp. (PINK SHEETS: PPTL) is pleased to announce that a successful test well was drilled on the Boyne Lake Prospect to TD (total depth) of 561 meters (1,841 feet). Both the primary target "Upper Grand Rapids" zone as well as the up hole secondary target "Viking" zone were encountered and were prolific.

"Upper Grand Rapids" zone: Management was anticipating that the primary target "Upper Grand Rapids" zone would contain natural gas reserves, similar to nearby wells. This zone was perforated, and gas was absent so a temporary cap was placed on the well. After 5 or 6 days the well was checked again, and much to the delight of management, an approximate 250 meters (800 foot) head of oil was present in the well bore - evidence that we had encountered OIL SANDS, but even more significant, FLOWING OIL SANDS. In accordance with Alberta Energy's designation, our project is categorized OIL SANDS; located in the Cold Lake Oil Sands district.

The significance of FLOWING OIL SANDS is that expensive mining and recovery methods are unnecessary, as conventional pumping methods can be used for recovery of the oil.

As no one else in the area is producing oil from this Upper Grand Rapids zone, we have made a New Pool Discovery.

Management continues analysis for the optimal drilling program to exploit the pool. It is anticipated that horizontal drilling technology will be utilized, and according to our in-house engineering calculations, could result in production rates ranging from 100 to 120 bopd (barrels of oil per day per well).

"Viking" zone: The "Viking" zone was completed and tested on an Absolute Open Flow (AOF) basis at approximately 150,000 cubic feet per day. Typical of Viking gas wells in the area, it is anticipated that steady state production rates will be less than the AOF tested rate, however offsetting that is the probability that reserves will be long life i.e. 15 to 20 years plus. Completion work is in progress.

"Tight Hole" status: The "tight hole" (confidential) status period of the well has expired, and as a result, we will have much more additional information to share with you our valued shareholders going forward.

The Boyne Lake Prospect is located approximately 100 km (62 miles) north of Edmonton in the Province of Alberta, Canada. Northern Alberta has been the subject of significant interest over the past years where major tar sand oil and Bitumen have been discovered, is currently being refined or in the process of development by oil companies such as Suncor, Syncrude and Synenco.

According to the Petroleum Economist, "Although tar sands occur in more than 70 countries, the bulk is found in Canada in four regions: Athabasca, Wabasca, Cold Lake, and Peace River; together covering an area of some 77,000 km2." In fact, the reserve considered to be technically recoverable is estimated at 280-300 Gb (billions of barrels), larger than the Saudi Arabia oil reserves (optimistically) estimated at 240 Gb. The total reserves for Alberta, including oil not recoverable using current technology, are estimated at 1,700-2,500 Gb.

Bruce A. Thomson, B.A.Sc., President & CEO, states, "We are excited to report that as a junior oil and gas company we have discovered a new pool of Flowing Oil Sands. I am not aware of any other junior company in this position, our future is bright. I would also like to thank our shareholders for their patience in waiting for information and also for their confidence and support - our option to apply for tight hole status was essential to protect your best interests."

About Premium Petroleum Inc.

Premium is set to exploit petroleum and natural gas reserves in an environment of unprecedented commodity prices and under the guidance of a highly qualified management and technical team.

Premium is an emerging junior oil and gas company financially well connected, coupled with a strong management and technical team focused on exploiting oil and gas reserves in the Western Canadian Sedimentary basin to 6000 feet in depth. Management intends to pursue a growth strategy through Land Assembly, Joint Ventures (Farmin / Farmout), and Acquisitions. The Company has assembled a seasoned team of managers and technical professionals in the areas of geology, engineering, and legal. With the depth of the management and technical team we have assembled, Premium is poised for aggressive asset growth and development.

For more detail about the company, its management, and projects, please refer to our web site: www.premiumpetroleum.com.

--------------------
jordan

Posts: 5812 | From: st paul,mn | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
EverGreen
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great news and chart uptrend (with big volume)
next res .015 - .02

Posts: 1442 | From: Lugano - Switzerland | Registered: Sep 2003  |  IP: Logged | Report this post to a Moderator
   

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