Great Pacific International Inc. (“GPI”) is an emerging junior oil and gas exploration and development (“E & D”) company. Great Pacific is publicly traded on the TSX Venture Exchange, under the symbol “GPI”. GPI has a growth-oriented exploration and development program planned:
- Multiple active oil projects thorough Alberta
- Evaluating International Opportunities
Great Pacific International Inc. (Great Pacific) is a development stage junior public resource company, engaged in the business of oil and gas exploration and development. Great Pacific’s oil and gas operations are located primarily in Alberta, Canada, and Texas and Arkansas, United States of America.
GPI has a great Operational Partner
Great Pacific International is partnered with Penn West Petroleum Ltd. (PWT.T). Penn west currently trades over $22 a share, Penn West is engaged in the business of acquiring, exploring, developing, exploiting and holding interests in petroleum and natural gas properties and related assets
With the Penn West Petroleum 50/50 property there are over 40 producing wells and exploration wells next to the property. ( see map attached, the green block is the 50/50 property)
Great Pacific International is actively engaged in the exploration, and development of its 32,000 acres of natural gas and crude oil holdings in Alberta, Canada.
January 11, 2011 – Farms Out Property 50% to Penn West Petroleum Ltd.
Penn West Petroleum Ltd. (PWT.T) & Great Pacific International (GPI.V)
Red Earth Project, Alberta, Canada
Penn West Petroleum Ltd. (PWT.T) will be designated as the operator of the Red Earth Oil Project. The technical information gained from the seismic survey has identified zones that may be targeted for horizontal drilling.
April 5, 2011 Great Pacific International Inc. Receives 3-D Seismic Data from Penn West Exploration
It is anticipated that Penn West may include this project in their 2012 drilling program.
The Property is located in the Red Earth area (see map at http://www.gpicanada.net/operation) where Great Pacific International has 5200 gross acres (4500 net acres) of oil and gas leases.
This area is known to produce crude oil from the Slave Point, Keg River, and Granite Wash formations.
- 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
62 Week High -Low: $0.235 / $0.025
For more information about GPI you can view the PDF documents, linked to below:
GPI Fact sheet – A great fact sheet with information about their current projects
GPI presentation – This is a detailed PDF filled with information about their project, highlights of each project, operational costs, information about the people involved, the status of each project, and future plans.