Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Primary Petroleum Updates JV Program on its Pondera-Teton Prospect in NW Montana

CALGARY, ALBERTA -- (Marketwire) -- 02/01/13 -- Primary Petroleum Corporation (TSX VENTURE:PIE)(OTCQX:PETEF) ("Primary" or the "Company") advises that its JV Partner has informed the Company that it does not intend to enter into the Phase II program under the Sales and JV Agreement dated October 17, 2011. The JV Partner will retain its earned working interest in the Pondera-Teton leasehold and continue to work with Primary to assess options to best realize future value in the prospect area.

Primary will continue to further evaluate the data generated by the Phase I program to better determine a go-forward exploration program that will continue to de-risk the multi-formation play.

Primary has currently engaged Image Interpretation Technologies ("IIT") to acquire a high-resolution aeromagnetic and gravity survey across the northern half of the project area. The objectives of this survey are:


1.  To establish the tectonic framework over the northern half of our land
    position. 
2.  Assess the potential influence of deep-seated structures on prospective
    formations. 
3.  Create a series of templates over the known oil and gas fields in the
    area. Pondera Field, which is adjacent to Primary's land holdings to the
    east, and Gypsy Basin Field, which our leases surround, have together
    produced over 30 million barrels of Sunburst and Madison oil. 
4.  Integrate the data collected from the survey with existing 2D and
    proprietary 3D-seismic data. 
5.  Pending results, a second aeromagnetic survey may be acquired over the
    southern half of our land position. 

We anticipate that interpretation of the aeromagnetic survey will be completed by the end of April 2013 and will enable Primary to better assess its options with Industry to realize the future potential of this very large and contiguous land position in Pondera and Teton Counties in NW Montana (600 gross and 512 net sections) as the Phase I program assessed less than 20% of the JV Lands.

The Company is continuing with its ongoing assessment of the 3rd well from the Phase I horizontal completion program and will move forward with assessing the vertical Madison well that was initially tested earlier in the Phase I program.

As reported in our most recent quarterly financials ending November 30, 2012, Primary has a working capital surplus of approximately Cdn $16.5 million with no debt. Our Lands are secured well into the future and of the 384,000 gross and 328,000 net acres under the Joint Venture only 36,000 gross and 22,000 net acres require further assessment prior to 2017. These facts provides the Company with several options to create future shareholder value from our current assets and balance sheet.

About Primary Petroleum Corporation - Primary is a junior oil and gas company engaged in exploration and development activities in NW Montana and currently holds substantial land positions in both an unconventional and conventional oil play. The Company's mandate is to continue to acquire strategic opportunities in the Sedimentary Basins of the Western United States and Canada and seek out qualified industry partners to assist in the exploitation and development. To learn more about us, please visit our website at: www.primarypetroleum.com

FORWARD LOOKING STATEMENTS DISCLAIMER: Certain statements in this document may contain "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation. Such forward-looking statements or information include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
Primary Petroleum Corporation
Mike Marrandino
President & CEO
(403) 262-3132
(403) 262-3175 (FAX)
mike@primarypetroleum.com
www.primarypetroleum.com

About Marketwired .
Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Web 2.0 Latest News
When digital laggards finally recognize the degree of change digital technologies will force upon their businesses, and desperately try to outrun the inescapable Darwinian effect of their slow start, they will be faced with not one, but three ages of digital transformation to navigate ...
Node.js and io.js are increasingly being used to run JavaScript on the server side for many types of applications, such as websites, real-time messaging and controllers for small devices with limited resources. For DevOps it is crucial to monitor the whole application stack and Node.js...
Are you still pondering whether to integrate cloud computing services into the structure of your IT network? You are not the only one. Most IT professionals are very concerned about data security, so they aren’t that willing to switch to cloud computing solutions that easily. It’s a fa...
The need to add more features on shorter release cycles is ubiquitous. At some point we will reach the threshold of gaining efficiencies and quality will begin to degrade. There is some evidence that we’ve reached and crossed that threshold already. In the late 1960's the National Sch...
A revolutionary change in the industry was the foundation of cloud on the automation of virtualization technologies. Initially it was meant for infrastructure, but with the advent of new and innovative cloud services it has crossed the boundary of Infrastructure and invaded the applica...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE