Rodinia Oil Corp. Provides Update on Operations
17 Maio 2011 - 10:00AM
Marketwired
Rodinia Oil Corp. (TSX VENTURE: ROZ) ("Rodinia") would like to
update its shareholders and all other interested stakeholders
regarding general operations in the Officer Basin, South Australia.
2011 Drilling Update
Rig #16 of Ensign International ("Ensign") is currently
mobilizing on its 2,000 kilometre journey to the Officer Basin in
Rodinia's Focus Area 1. This process involves approximately 80
heavy truck loads to move the rig and the 40 person drilling camp.
The rig sub frame has been completed and Ensign will be raising the
derrick over the next week. Weather delays, including additional
road closures, and Primary Industries and Resources South Australia
("PIRSA") certification requirements that Ensign must meet, have
further delayed the initial start to Rodinia's 2011 drilling
program. As a result the spud date for Rodinia's first Officer
Basin well, Mulyawara 1, is now expected to occur in early June,
2011.
Rodinia will advise all stakeholders of the actual spud date of
Mulyawara 1 in a future press release.
Focus Area 1 Phase III Seismic Program
Rodinia is pleased to announce that the Officer Basin Phase III
2D seismic program on PEL 253 and the west central part of PEL 81
(South Australia) is 80% complete. This seismic program will total
2,536 kilometres and to date, 2,017 kilometres of seismic
acquisition has been completed. Approximately half of the survey
has been processed and is currently being interpreted. The
objective of this seismic program is twofold: to better define the
structures around several of Rodinia's 2011 drill targets, and to
provide new seismic data in the central part of PEL 81 where no
reliable data currently exists.
About Rodinia Oil Corp.
Rodinia is an international oil and gas exploration corporation.
Its Common Shares and Warrants are listed on the TSX Venture
Exchange under the symbols "ROZ" and "ROZ.WT" respectively. Rodinia
is engaged in the exploration, acquisition and development of
onshore petroleum and natural gas assets in Australia's Officer
Basin. Founded in 2006, Rodinia has access to large tracts of
exploratory lands and is one of the first companies to undertake
onshore exploration in the Officer Basin. Rodinia has offices in
Calgary, Alberta and Adelaide, South Australia.
Forward-Looking Statements
This press release may contain forward-looking information that
involves substantial known and unknown risks and uncertainties,
most of which are beyond the control of Rodinia, including, without
limitation, statements pertaining to management's future plans and
operations. All statements included herein, other than statements
of historical fact, are forward-looking information and such
information involves various risks and uncertainties. There can be
no assurance that such information will prove to be accurate, and
actual results and future events could differ materially from those
anticipated in such information. A description of assumptions used
to develop such forward-looking information and a description of
risk factors that may cause actual results to differ materially
from forward-looking information can be found in Rodinia's
disclosure documents on the SEDAR website at www.sedar.com. Any
forward-looking statements are made as of the date of this release
and, other than as required by applicable securities laws, Rodinia
does not assume any obligation to update or revise them to reflect
new events or circumstances.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Rodinia Oil Corp. Susan Showers Manager, Investor
Relations (403) 718-0366 or Toll Free: (877) 822-7280 (403)
718-3888 (FAX) Rodinia Oil Corp. Suite 320, 715 5 Ave. SW Calgary,
Alberta, Canada T2P 2X6 info@rodiniaoil.com www.rodiniaoil.com
Brookline Public Relations Shauna MacDonald (403) 538-5645
smacdonald@brooklinepr.com
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