Karl Antonius Reports: Brandenburg Holloman Cooper Basin Joint Venture

摘要

2011 JUN 8 - (VerticalNews.com) -- Brandenburg Metals Corp. (TSXV:BBM)rn("Brandenburg" or the "Company"), is pleased to announce that it has signed a joint venturernletter of intent ("LOI") with Houston-based Holloman Energy Corporation ("HEC"), pursuant tornwhich the Company can earn an undivided 44 % working interest in two onshore concessionsrnknown as Petroleum Exploration License 112 ("PEL 112") and Petroleum Exploration Licensern444 ("PEL 444")(PEL 112 and PEL 444 collectively, the "PELs"). The PELs cover 1,125,000rnacres in South Australia's Cooper Basin Western Flank Oil Play. The Department of PrimaryrnIndustries and Resources of South Australia reports that the Cooper Basin has sourced over 4rnbillion barrels of oil and 5 trillion cubic feet of recoverable gas. The Cooper Basin has in excessrnof 120,000 kilometers of 2-D seismic data and more than 1,200 wells in 65 oil and 20 gas fields.rnThe primary "target formations" in both of the licensed areas are the Birkhead, Hutton and thernNamur sandstones. Depth for the formations range from 1500-1800 meters.