OEL 0.00% 1.2¢ otto energy limited

As usual they pretend to be the sole owners/operators, love...

  1. 421 Posts.
    As usual they pretend to be the sole owners/operators, love their humility.....LOL

    Vital Resources to Step-up Investor Relations Programs
    /NEWS RELEASE - NOT FOR DISTRIBUTION IN THE UNITED STATES/

    CALGARY, March 27 /CNW/ - Vital Resources Corp. ("Vital") (CNQ Exchange -
    VITL; Frankfurt Stock Exchange - VZN) is pleased to announce that they have
    entered into an agreement with Syndicated Capital Corp. and A. Salman Jamal of
    Vancouver for investor relations services.
    Effective immediately Syndicated will work with Vital Resources to
    increase awareness in the investment community.
    Vital Resources is an emerging oil & gas company focused on building
    value through immediate offshore oil development of its world-class
    exploration properties in the Philippines.

    SC 50 - Calauit, NW Palawan

    Vital has made arrangements to take delivery of a Multi Purpose Semi
    Submersible Rig in late 2007. This will allow Vital to take action on their
    detailed well planning and design for the drilling of the horizontal re-entry
    of the Calauit 1B in SC50. Calauit's history of production, in concert with
    independent expert, MBA Petroleum Consultants, has determined that the Calauit
    1B oil field may contain up to 39.5 million barrels of oil, of which 6.44mm
    are recoverable.

    SC 55 - Ultra Deep Water, Palawan

    Vital was able to shoot 400 kilometers of 2D seismic under this program
    in October of 2006 and expects the interpretation of this seismic data to be
    completed in Q1 2007. The current focus on SC 55 is on the Marantao prospect,
    a carbonate, reef, build up of substantial size, interpreted, through
    reprocessed 2D seismic, to be potentially five times larger than the Malampaya
    structure, which is the Philippines largest oil and gas field which is
    presently operated by Shell and is estimated by the Department of Energy of
    the Philippines to contain up to 500-750 MMBO or 2.5-4.0 TCF of recoverable
    gas.

    SC 51 - East Visayan Basin

    Vital acquired the exploratory block, in SC51, which consists of two
    sub-blocks over the East Visayan Basin. The southern block contains seven
    identified prospects of which three are drill ready, with a combined potential
    of 75-465 MMBOE as estimated by MBA Petroleum Consultants of Australia.
 
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