CALGARY, Oct. 20, 2013 /CNW/ - Nick Taylor, CEO announces that Alberta's Department of Energy has extended by
one year to June 11, 2015 their one
section (640 ac) P&NG lease to the base of the Charlie Lake
Formation held 50-50 by Softrock and its partner Greencastle
Resources.
The company has also received letters of intent indicating a
willingness to drill a well on the 640 ac lease but a number of
details, where the devil may be hiding, remain to be ironed
out.
Taylor says that interest was heightened in their lease as at
the last Alberta Government sale a 640 ac parcel of similar
P&NG rights directly off-setting the company's lease to the
north sold for over $900,000,
while another parcel of one-half section at the same sale
directly adjoining to the southeast went for in excess of
$200,000.
We seek safe harbour
Neither the TSX Venture nor its Regulation Service Provider (as
the term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
SOURCE Softrock Minerals Ltd.