Primary Petroleum reports the appointment of Mr. P. Ted Doughty, Ph.D, P.Geol., and Mr. Peter Carwardine to Primary’s Advisory Board. Mr. Doughty is the founder of PRISEM Geosciences Consulting LLC, which provides comprehensive geological consulting services to the petroleum industry. Mr. Doughty received his B.A. degree in geology from Washington University in St. Louis in 1986 and [...]
Primary Petroleum has focused a majority of its resources in the acquisition of prospective oil and gas acreage in Montana. The Company has a significant land position in the extension of the Alberta Basin Bakken Fairway in Western Montana. As well in Daniels County in the Williston Basin of north-eastern Montana Primary has a 100% interest in the Saturn prospect, which is approximately 50 miles NW of the Elm Coulee Bakken Field.
Primary Petroleum reports that the recent funding has eliminated all debts and has working capital of approximately $1.2 million. Primary holds 100% Working Interest (”W.I.”) in approximately 130,000 net acres in two Bakken potential prospects in Montana. Its Teton – Pondera lands consist of approximately 110,000 net acres [167 sections] and are located within the ‘Bakken fairway’ and on trend [...]
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