西钾公司加快石油和天然气项目评估

Vancouver, April 6, 2010 - Western Potash Corp. (the “Company”) (TSX.V: WPX, FSE: AHE) is pleased to announce that further to the company’s news regarding the detection of hydrocarbons on the Milestone property reported in the February 2, 2010 news release, the board has approved an initial Petroleum and Natural Gas (“P&NG”) exploration and evaluation program.  The initial program will entail the evaluation of 3-D seismic data, as well as the evaluation of soils for regional distribution of hydrocarbons.

In conjunction with its potash resource upgrade program the Company recently completed a $3 million, comprehensive 3-D seismic acquisition program.  The Company will use this data not only in its potash program but also it will utilize this data to evaluate the hydrocarbon trap setting and to determine the extent of the hydrocarbon hosting formations.

In addition, the P&NG exploration program includes the collection of surface soil samples to evaluate the regional distribution of hydrocarbons.  To carry out this work, the Company has engaged ChemTerra International Consultants Ltd (“CTI”) to conduct a regional soil gas sampling program using CTI’s Geochemical Exploration Lead (“GEL”) procedure.  The GEL Technology, developed in recent years by CTI, applies numerical unmixing techniques to discriminate individual gas sources in the soil.  By using the GEL technique, areas of active hydrocarbon reservoir seepage may be recognized, quantified and spatially outlined.  The Company reports that 553 soil gas samples, covering 83 line-km, have been collected and are currently being analyzed by CTI.  Results of the geochemical sampling program are expected within 3 weeks.

In order to plan further P&NG exploratory work, the soil gas data will be integrated with the existing 2D seismic data, the recently acquired 3D seismic data, the existing well logs and the chip sample data.  All data will be evaluated for P&NG potential and to spot P&NG exploration well locations (within privately held lands currently under lease).  Drill programs will be designed to evaluate multiple P&NG zones in each well, with the goal to delineate proven hydrocarbon reserves.  The company expects that an initial drill program could commence near the end of the second quarter, once well licenses are approved and road restrictions due to spring weather are removed.

Western Potash Corp. ist eine Mineralexplorationsgesellschaft, die sich mit der Bewertung, Exploration und Erschließung von Kalisalz-Liegenschaften im Westen Kanadas beschäftigt. Die Zielsetzungen des Unternehmens sind die Abgrenzung und Entwicklung einer Weltklasse-Kalisalzlagerstätte in einer umweltverträglichen, wirtschaftlichen und sozialverträglichen Weise.

 Die gemäß NI 43-101 betriebsintern qualifizierten Personen sind J. Patricio Varas, P.Geo und Dean Pekeski, P.Geo. Beide haben den Inhalt dieser Pressemitteilung überprüft und genehmigt.  The contents of this news release were also reviewed and approved by J. R.  Briton, P. Geol., P. Eng., a Qualified Person under NI 51-101 Rules and Policies.

 

IM NAMEN DES BOARD OF DIRECTORS

 

„J. Patricio Varas“     
J. Patricio Varas
President und CEO

Diese Pressemitteilung enthält zukunftsgerichtete Aussagen zu unseren Absichten und Plänen. Forward looking statements in this news release include that the board has approved an initial Petroleum and Natural Gas (“P&NG”) exploration and evaluation program; that the initial program will entail the evaluation of 3-D seismic data, as well as the evaluation of soils for regional distribution of hydrocarbons; that the Company completed a comprehensive 3-D seismic program; that the Company will use this data in its potash program but also to evaluate the hydrocarbon trap setting and to determine the extent of the hydrocarbon hosting formations; that in addition, the P&NG exploration program includes the collection of surface soil samples to evaluate the regional distribution of hydrocarbons; that the Company has engaged ChemTerra International Consultants Ltd (“CTI”) to conduct a regional soil gas sampling program; that the Company reports that 553 soil gas samples, covering 83 line-km, have been collected and are currently being analyzed by CTI; that results of the geochemical sampling program are expected within 3 weeks; that in order to plan further P&NG exploratory work, the soil gas data will be integrated with the existing 2D seismic data, the recently acquired 3D seismic data, the existing well logs and the chip sample data; that all data will be evaluated for P&NG potential and to spot P&NG exploration well locations; that drill programs will be designed to evaluate multiple P&NG zones in each well, with the goal to delineate proven hydrocarbon reserves; that the company expects that an initial drill program could commence near the end of the second quarter.  Gemäß Unternehmensrichtlinie werden zukunftsgerichtete Aussagen nicht aktualisiert. Verschiedene Faktoren können dazu führen, dass unsere Pläne entweder nicht durchführbar oder nur mit Verzögerung durchführbar sind. Dazu zählen unter anderem die Verfügbarkeit von Vertragspartnern und deren Leistung, Witterungsverhältnisse, Zugänglichkeit des Standorts, Rohstoffpreise sowie Erfolg und Misserfolg der Explorations- und Erschließungsaktivitäten in verschiedenen Stadien des Programms.  Lesern dieser Meldung wird empfohlen, sich über die Risikofaktoren zu informieren, von denen Junior-Explorationsunternehmen beeinflusst werden können, um ein allgemeines Verständnis für die verschiedenen Risiken zu entwickeln, denen das Unternehmen ausgesetzt ist.  

Die TSX Venture Exchange hat die Angemessenheit oder Richtigkeit dieser Mitteilung weder geprüft noch übernimmt sie die Verantwortung für deren Inhalt.

To download or view this news release in .PDF format, please click here.

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