PTT Primera Energy Resources Ltd.

Primera Energy Resources Ltd. ("Primera or the "Corporation") (TSX VENTURE:PTT)
is pleased to announce that drilling operations have recommenced on the
Firecrown 1 exploration well. According to the Ministry of Energy in Trinidad,
the well, currently at 8,700 feet, will now be reclassified as Firecrown 1 ST1.
Operations are proceeding as scheduled to deepen the well to 10,500 feet.
Thereafter, all prospective intervals will be tested.


Parex Resources (Trinidad) Ltd., is the Operator of the Cory Moruga Block under
the Farmout Agreement.


About PERL

PERL is a TSX Venture Exchange listed issuer which currently produces
approximately 275 barrels of oil per day pursuant to a lease operatorship in
South Central Trinidad, has a 16.2% entitlement to the Cory Moruga Block and a
10% entitlement to a Production Sharing Contract for onshore India block
CB-ONN-2005/11. The prospect has significant potential and regional implications
for PERL.


PERL currently has an approximate working capital surplus of $3.9MM and
approximately 55.4 million common shares outstanding. 


Statements in this press release may contain forward-looking information
including expectations of future operations, operating costs, commodity prices,
administrative costs, commodity price risk management activity, acquisitions and
dispositions, capital spending, access to credit facilities, income and oil
taxes, regulatory changes, and other components of cash flow and earnings. The
reader is cautioned that assumptions used in the preparation of such information
may prove to be incorrect. Events or circumstances may cause actual results to
differ materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
the issuer. These risks include, but are not limited to, the risks associated
with the oil and gas industry, commodity prices and exchange rate changes.
Industry related risks could include, but are not limited to, operational risks
in development and production, delays or changes in plans, risks associated to
the uncertainty of reserve estimates, or reservoir performance, health and
safety risks and the uncertainty of estimates and projections of production,
costs and expenses. The reader is cautioned not to place undue reliance on this
forward-looking information.

Primera Energy Resources Ltd. (TSXV:PTT)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024

Primera Energy Resources Ltd. (TSXV:PTT)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024