CALGARY – PanTerra Resource Corp. (TSXV:PRC) has acquired another 320 acres of Cardium rights at its 100 per cent owned Carrot Creek oil property in west central Alberta.
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The acquisition, announced Thursday, will allow the junior Calgary company to go ahead with Phase II of its proposed water-flood project to reactivate some old wells on its property.
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Financial terms of the Carrot Creek property acquisition were not revealed.
PanTerra has holdings in both conventional and unconventional oil and natural gas projects in Western Canada.
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