VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 31, 2012) - Petrichor Energy Inc. (TSX VENTURE:PTP)(FRANKFURT:YQN) (Petrichor or the Company) announces further to its News Release dated July 30, 2012 that it has now entered into a definitive Participation Agreement, subject to receipt of regulatory approval, to acquire a 50% working interest in certain acreage covering approximately 7045 acres located in Young County and Jack County, Texas, known as the Marble Falls Prospect, together with such additional acreage as may be acquired by the vendor and agreed to by Petrichor.
The Prospect formations targeted are in the Mississippi Lime & Marble Falls formations located in North Central Texas. The Mississippi Lime is a Mississippian age porous limestone formation that is deposited beneath the Barnett Shale, which is analogous to the Mississippi Lime play in Kansas and Oklahoma. The Marble Falls formation is a Pennsylvanian age limestone; analogous to the Strawn Lime play in West Texas. To date, independent operators have drilled over 50 vertical and horizontal multi-stage frac'd wells in the Marble Falls and Mississippi limestone with positive results.
ON BEHALF OF THE BOARD
Joe DeVries, Chief Executive Officer
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