Ceres Announces Commencement of Drilling Program, Increases Bakken Land Play to 95 Sections

Ceres Capital Corp. (the "Company" or "Ceres") (TSX VENTURE:SRS) is pleased to
report that, through its subsidiary Reliable Energy Ltd. ("Reliable"), it has
spud the first well in the four to six well drilling program the Company will be
conducting during June and July. At the same time, the Company will also be
completing two wells in Manitoba that were drilled and cased prior to spring
break-up. Ceres also continues to acquire further land within the Bakken play
and now controls 95 sections (approximately 61,000 acres) of land.


The Company also advises that it will be participating in the Spring Investor
Showcase being conducted by SEPAC on June 15, 2009 at the Westin Hotel in
Calgary.


About Ceres and Reliable

Ceres is an Alberta based public company listed on the TSX Venture Exchange and
conducts its operations through Reliable Energy Ltd, a wholly owned subsidiary.
The Company is currently focused on two core areas in the Western Canadian
Sedimentary Basin. The first core area consists of an unconventional resource
play in the Bakken/Three Forks formation situated on the Saskatchewan - Manitoba
border. The second is a Devonian reef play in central Alberta.

Ceres Capital Corp Com Npv (TSXV:SRS)
Graphique Historique de l'Action
De Juin 2024 à Juil 2024