Premium Petroleum Corp.: Continues to Seek up to $5,000,000 in Financing to Tie-in Existing Wells and to Fund Additional Drilling

(OTC:PPTL) Premium Petroleum Corp. Press ReleaseSource: Premium Petroleum Corp. Premium Petroleum Corp.: Continues to Seek up to $5,000,000 in Financing to Tie-in Existing Wells and to Fund Additional DrillingThursday October 30, 9:45 am ET CALGARY, ALBERTA-Oct 30, 2008 - Premium Petroleum Corp. continues to pursue financing alternatives. Debt, equity, and joint venture options are being reviewed. The financing proceeds will be used to: equip and tie-in our Viking gas well ; (approximately 1100 yards to the tie-in point), to test, complete, equip, and tie-in our Upper Grand Rapids Flowing Oil Sands well ; to expand our drilling program; and for general working capital purposes.It is anticipated that the gross cash fl
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