Western Potash (TSX-V: WPX) announced today that drill hole data from their potash exploration program has returned data suggesting the presence of hydrocarbons. An evaluation by a petroleum geologist suggests two formations are targets for significant natural gas.
Patricio Varas, the CEO of WPX is quoted saying:
The possibility of [...]
Western Potash (CVE:WPX) reported today that their fourth well has intersected 25 meters of potash, indicating continued mineralization from previous results. In addition, temperature readings in the wells also continue to indicate solution mining would be economic for the project.
The release states:
The Company re-iterates that it considers formation temperature a key parameter in solution mining [...]
Overview
Potash North Resource Corp. (PON: TSXv) is leveraging its strong financial backing to expedite the exploration and potential development of a potash mine in the world’s most prolific potash region in Saskatchewan, Canada.
Key Points:
Emerging potash junior located in the world’s most prolific potash basin
Experienced management team with a powerful financial backing
Well financed [...]
Wednesday, February 17, 2010