CALGARY,
May 8, 2014 /CNW/ - Nick Taylor
CEO of Softrock Minerals Ltd (TSXV: SFT) is pleased to
announce a turnaround in the finances of the company with the
2013 year end audited statements showing a working capital of
$113,716 versus last year's negative
of $35,992, likewise a net income of
$82,582 for 2013 against 2012's loss
of income of $89.163.
The company has used some of its income to acquire a 95% working
interest, subject to a 3% GORR in a suspended Cardium oil and gas
well in the Ferrier field area of Alberta which the company feels
can be recompleted.
Meanwhile, the unusually cold winter has delayed production
testing on the company's two and one-half percent
GORR interest in the first well on its acreage in the
northwest Alberta Charlie Lake
oilfield.
The operator of the Charlie
Lake well indicates that production testing will start this
summer.
Taylor added that talks are continuing with a couple of
prospective partners to further explore Softrock's Alberta potash
properties.
Neither the TSX Venture nor its Regulation Service Provider (as
the term is defined in the policies of the TSX-V Exchange) accepts
the responsibility for the accuracy or adequacy of this
release.
SOURCE Softrock Minerals Ltd.