Habanero to buy stake in six Athabasca oil sands sections

Habanero Resources Inc., Vancouver, BC, acquired 50% ownership in six Athabasca oil sands sections in Alberta covering 3,795 contiguous acres.

Jan. 15, 2007

By OGJ editors
HOUSTON, Jan. 15 -- Habanero Resources Inc., Vancouver, BC, acquired 50% ownership in six Athabasca oil sands sections in Alberta covering 3,795 contiguous acres. The acquisition is in conjunction with Habanero's ongoing activities there.

Habanero Pres. Jason Gigliotti said the new parcel, costing $35,290 (Can.), represents Habanero's largest percentage ownership interest in any oil sands prospect.

Counting the latest acquisition, Habanero has interest in five oil sands prospects.