HOUSTON, June 4, 2012 (GLOBE NEWSWIRE) -- Strongbow Resources Inc. (OTCBB:STBR) ("Strongbow" or "the Company"), announces the horizontal portion of the well Big Lake Compeer 5-29-33-2W4 has started. Based upon the core data and well log evaluation a horizontal well is being drilled in the Viking Formation in a Viking unit locally called the Viking Provost. The core exhibited strong oil fluorescence indicating light oil and had between 16% and 23% porosity in the plug samples taken from the core. The net sand pay in the well is approximately 5 meters.
The Viking Formation oil prospect is part of an emerging large oil resource play in Eastern and Central Alberta as well as in the Dodsland area of Saskatchewan. The Viking Formation is the Compeer play will be developed by up to four (4) horizontal wells per section per zone.
About Strongbow Resources Inc.
On February 21, 2012 Strongbow executed an agreement through which it acquired the right to earn an undivided 100% working interest in a Petroleum and Natural Gas License covering eight (8) sections of land (5,120 acres, more or less) located in the Compeer Area in the Province of Alberta, Canada. Strongbow is also negotiating a number of additional oil and gas leases through which it intends to expand its operations in Canada and the United States.
Strongbow Resources Inc. operates as Big Lake Energy Ltd. in Alberta
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the Company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which the Company has little or no control. The Company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the Company's recent filings with the SEC.
ON BEHALF OF THE BOARD OF DIRECTORS