Primary Petroleum: Alberta Basin Bakken

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Primary Petroleum is hosting our next EPG luncheon in Houston on February 3.

January 20, 2011 – Calgary Alberta - Primary Petroleum Corporation (TSX-V: PIE; PK:PETEF) (“Primary” or the “Company”) is pleased to announce that it has secured over 200,000 net acres (312 sections) to our Area of Interest in the Alberta Basin Bakken Fairway of western Montana.
“Our land acquisition strategy, based on identifying geological trends with prospective hydrocarbon potential, is to continue to acquire key acreage to add to our existing land holdings” comments Mike Marrandino, President & CEO. “We are experiencing increased activity in our area of interest from both existing industry participants in the area and from new players, as the potential of the Alberta Bakken Basin continues to garner more and more interest and drilling activity on both sides of the border.”
Primary has commenced a seismic modeling evaluation on its’ existing 26 sq. mi proprietary 3D seismic data, shot in 2008, to aid in the selection of optimum drilling locations. As well, the Company is contemplating the acquisition of additional 3D seismic over its’ lands as it continues to prepare for the commencement of a drilling program in 2011. Primary’s ongoing dialogue with industry in choosing the right joint venture partner on a ‘drill to earn’ basis remains a high priority.
About Primary Petroleum Corporation: Primary is a junior oil and gas company engaged in exploration and development activities in Montana and Alberta. The Company’s mandate is to continue to acquire strategic land positions of merit in the Sedimentary Basin of the Western United States and Canada and seek out qualified industry partners to exploit and develop them.
To find out more about Primary Petroleum visit our website at www.primarypetroleum.com.