Portal Resources has granted, under the Company's Incentive Stock Option Plan, options to purchase an aggregate of 750,000 common shares to directors, officers and consultants of the Company. The options are exercisable until September 9, 2015, at an exercise price of $0.14 per share.
Portal is pleased to announce that the Company has appointed Mr. Barry J. Reid, B.Sc., P.Eng. and Mr. John M. MacRae, M.Sc., B.Sc., P. Geol. to the Board of Directors. Both of these individuals have served on the Company's Oil and Gas Advisory Board during 2010. Mr. Reid has also been appointed as the Company's Chief Operating Officer (COO). Mr. Reid is an accomplished mechanical engineer (University of Alberta 1984) with [...]
Portal Resources Ltd. announces that Mr. Joe Tai has resigned from the Board of Directors of the Company in order to pursue other personal and business interests.
Portal is pleased to report that the Bigwave Joint Venture is in the final stages of securing fixed bid price quotes to frac(i) and complete the first horizontal well on its project in central Alberta. Portal has a 22% interest in the Joint Venture. If the well has an economic level of hydrocarbons, the Joint Venture will begin planning further development of up to an additional 45 drill locations.
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