TSXV: SFT
CALGARY, Jan. 14, 2014 /CNW/ - Nick Taylor, CEO of Softrock ("or the Company")
(TSXV: SFT) reports that the farmee of Softrock's and Greencastle's
interest in Section 11 Township 78 Range 7W6, DEML (Direct
Energy Marketing Limited) has been issued a license by the Alberta
Government to drill a 2950 meter horizontal test for Charlie Lake
Oil, located in LSD 15 of Section 02 immediately south of Section
11 (the farmed-out section owned by Softrock and Greencastle) and
proceeding north through Section 11 to LSD 15 of the same
section.
The test to be known as DEML HZ SPIRITR 15-11-78-7 is
one-half mile east of a presently drilling horizontal Charlie Lake test, also being drilled by DEML
in LSD 13 of Section 02 expected to complete one-half mile or
more northwest in Section 10, lying immediately west of the
Softrock-Greencastle farmed out section 11.
Taylor says that upon completion or abandonment of the 15-11
test DEML will have earned 100 % of Section 11 reserving some
overrides amongst which is a five % GORR without deductions
split evenly between Softrock and Greencastle
Neither the TSX Venture Exchange nor its Regulation Service
Provider(as that 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.