Great Pacific International (GPI.V- GPIPF.OTC) - 500 Beiträge pro Seite

[Johnstocks]

Great Pacific International GPI.V - GPIPF.OTC

Jr Oil & Gas very active in Alberta, Canada.

Has Penn West Petroleum (PWT.T) as a farm in & operator with the Red Earth Alberta property.

Red Earth property has over 40 producing wells.

January 11, 2011 - Farms Out Property 50% to Penn West Petroleum Ltd.
Other Alberta Properties

- Wildmere Oil Project
- Manning Heavy Oil Project
- Hanna Oil and Gas Prospect

The company is also evaluating international opportunities including Bakken Oil Plays in Montana and North Dakota.


Trading Symbol: GPI -TSX Venture

Outstanding Shares: 47,428,432

52 Week High -Low: $0.235 / $0.025

Website: http://www.gpicanada.net

[Johnstocks]

NEWS RELEASE

Sawn Lake (Red Earth Area) Activity

DELTA, B.C. - Great Pacific International Inc. (“Great Pacific”) (TSX.V: GPI) is pleased to report that recent activity has seen major producers drilling horizontal wells into the Slave Point formation on adjacent lands.

Initial production rates of 380 BOP/day and 445 BOP/day have been reported on two wells at 16-35-91-13W5 and 01-26-91-13W5 respectively which are located approximately 8 km NW of Great Pacific’s Sawn Lake property (31-90-12W5) that is subject to a joint venture agreement with Penn West Exploration.

Penn West has also permitted a well located approximately one km from this site. 3-d seismic was completed on our property in 2011 and the company anticipates that drilling for our property will take place in 2012 or early 2013.

In addition to the above leasehold interest, Great Pacific has four sections (2,560 acres) of 100% owned leasehold interests in the area.

There are over 15 vertical and horizontal wells licensed or drilled since the beginning of 2011 in the Sawn Lake area. A number of these wells have been horizontal wells with multi stage hydraulic fracturing methods being utilized. The oil is a light (39o API) sweet oil, in a thick pay zone of up to 60 feet. Horizontal drilling and multi fracturing methods can increase initial flow rates and has proven to be more effective than conventional vertical drilling. Some of the exploration companies active in the area are: NAL Energy, Guide Exploration, Pinecrest Energy, Mancal Energy, & Penn West Exploration.

The company plans to permit and drill its remaining leases through its own efforts or through Joint Venture arrangements. There is no assurance that wells drilled on the company’s properties will be successful or will produce results comparable to those on other properties in the area.

For further information visit the company’s website http://www.gpicanada.net/operation

[Johnstocks]

NEWS RELEASE



Great Pacific International’s Slave Lake / Swan Hill Drilling Activity


March 9, 2012 DELTA, B.C. - Great Pacific International Inc. (“GPI”) (TSX.V: GPI) is pleased to report drilling activity in adjoining lands to our Slave Lake/Swan Hill property (located West of the town of Slave Lake, Alberta).

The third of three wells is been drilled in the area by First Mountain Exploration Ltd. This well that is being drilled to the basement, is adjacent to (approximately 150 Metres away from) GPI’s lease located at Section (34S T072 10W5).

GPI has a 100% Petroleum & Natural Gas interest in two half sections of land (640 acres) in the area both of which are surrounded by land staked by First Mountain Exploration Ltd (see map at www.gpicanada.net/operation ).

The company plans to permit and drill these leases through its own efforts or through Joint Venture arrangements. Currently, the company is reviewing its options for development of this property including discussions/negotiations that are taking place with third parties.



About Great Pacific International

Great Pacific International is a public company actively engaged in the exploration and development of crude oil and natural gas. GPI currently owns over 33,000 gross acres of P&NG leases (over 30,000 net acres) in the Western Canadian Sedimentary Basin. The Company’s strategy is focused on creating value for shareholders by acquiring and developing petroleum and natural gas leases primarily in western Canada. Great Pacific currently has 47,478,432 shares outstanding which are listed on the TSX Venture Exchange under the symbol GPI.

Website: www.gpicanada.net

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Swan Hill / Slave Lake Area - Faust

Great Pacific has 640 Acres (1 section) of 100% owned PNG leases

Up to 4 net wells can be drilled on Great Pacific’s section

Multiple petroleum and/or natural gas drill targets - Key Formations - Bluesky, Slave Point, Keg River

In 2012 other peer companies have already licensed and or drilled several vertical and horizontal wells in the area

First Mountain Exploration Ltd. spudded a hydrocarbon well 150 meters from one of Great Pacific’s property

Over 235 million bbl of oil have been produced in Mooney and Swan Hill areas

Over 400 producing oil wells, 190 of these are horizontal wells

Major Producers include;

•Arc Resources Ltd
•Apache Corporation
•Blackpearl Resources Inc.

[Johnstocks]

NEWS RELEASE


Great Pacific International Inc. (GPI) Appoints New Board Member


April 16, 2012 DELTA, B.C. - Great Pacific International Inc. (“GPI”) (TSX.V: GPI) Great Pacific International is pleased to announce that Mr. Alfredo (Freddy) Cu has joined the company’s Board of Directors. Mr. Cu has 25 years of active working experience with various oil and gas exploration and production companies located in Calgary Alberta, Canada.

Thal S. Poonian, President and Chief Executive Officer of Great Pacific International, commented: "Freddy's extensive knowledge of the oil and gas industry, makes him a valuable addition to our team. I look forward to working with Freddy as we further develop our oil and gas properties!"

Currently, Mr. Cu remains active as a consultant to the oil & gas industry.

Mr. Cu’s past work experience included: accounting evaluating projects, strategic planning, project feasibility, and project financing.

In the late 1980’s Mr. Cu worked in the oil industry starting with Mobil Oil Canada as Lease/Gas Plant Accountant. He worked for Mobil Oil for 8 years and was responsible for Mobil Oil’s Pembina oil & gas area and 2 Pembina gas plants.

Mr. Cu left Mobil Oil Canada to start his own consulting business specializing in the accounting of the various aspects of oil and gas industry including: joint ventures, royalties, production and revenue, special projects and financials.

Some of the companies that he provided services to were: Pan Canadian (now EnCana), Anderson Exploration, Alliance Energy, Advance Drilling, APF Energy, Paramount Resources, ConocoPhillips Canada, Compton Petroleum, Talisman Energy, and Hunt Oil Canada.

Mr. Cu is also the founding director of Varcada Venture Corporation a Venture Capital Firm which has invested in a number of oil and gas projects including Sunshine Oilsands Ltd.

Mr. Cu attained his university BSc & BA degree from the University of the East, Philippines in 1975. He obtained his CPA license in 1978.

Mr. Cu’s vast work experience will enable him to contribute to the board in evaluating projects, strategic planning, project feasibility, and project financing. His background, knowledge and experience will also provide valuable input into development of the Company’s oil & gas properties.

For further information on GPI’s Petroleum and Natural Gas Leases please see map available at http://www.gpicanada.net/operation.