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Investor
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News Releases
| | June 08, 2009
Production Testing Begins at Wilkie
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| | Deloro Resources Ltd (TSX.V - DLL) is pleased to report that the Production testing has commenced on schedule on the Wilkie heavy oil project in the Province of Saskatchewan, Canada. Current testing is evaluating one of the six wells on the property. This testing will continue to evaluate the full production potential of a horizontal well and the new technology being utilized.
Review of the Wilkie project
Deloro Resources reached an agreement with EPI in 2008 to conduct a full pilot test using EPI's electrically enhanced oil recovery (EEOR) technology on Deloro's heavy oil Wilkie properties. Once the pilot test is deemed successful, the project will proceed to full development and EPI will earn a 10-per-cent working interest in the Wilkie project for the use of its technology. The Deloro 100-per-cent-owned Wilkie project is located eight miles south of Wilkie, Sask. The Wilkie property consists of approximately 3,765 leased acres of petroleum and natural gas rights. These governments of Saskatchewan leases cover a channel in the McLaren zone one-half to three-quarters of one mile wide and approximately five miles long. The zone is at a depth of 2,035 feet with five vertical wells and one horizontal well drilled into the structure defining a heavy oil pay zone with gross sand thickness of 30 feet to 50 feet. Reliance Engineering Group Ltd. recently completed an independent report in which estimates of discovered resources were performed in accordance with National Instrument 51-101 guidelines and generally accepted industry standards. The discovered resources were calculated based on McLaren sand net pay Isopach maps and the average reservoir parameters. The original discovered resources underneath company land were calculated to be approximately 63.1 million stock tank barrels.
Shareholders and other interested parties are invited to visit the Company Web Site at www.deloro.ca for additional information.
Louis P. Lees
President and Chief Executive Officer
Phone: 360 371 2820
Phone: Mark Tommasi 877 454-0383
Vancouver Office: 604 484 5761 ext 29
Neither the 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 news release. |
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| | You can view the Next News Releases item: Wed Jun 17, 2009, DELORO BEGINS PERMITTING PROCESS TO EXPAND WELL PROGRAM
You can view the Previous News Releases item: Tue Jun 2, 2009, Deloro Prepares for Production Testing
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