Petromin Resources Ltd. announced that TerraWest Energy Corp. has provided an update of the exploration activities in the field at its Liuhuanggou coalbed methane ('CBM') project ('2012 Field Program') in Xinjiang, the People's Republic of China ('China'). The 2012 Field Program was initiated in early November 2012 and involves drilling, casing and completing production wells at two key selected locations.

Well LHG12-02 spudded on November 11, 2012. The well, which is located in the vicinity of previously drilled well LHG10-02, reached the planned total depth of approximately 750 metres and was cased. Completion of the well and fracture stimulation of prospective formations is planned for spring 2013.

The target formation is the Jurassic Badaowan (J1B) which contains multiple coal seams and prospective surrounding rocks. The well intersected target coals as planned and initial indications from geophysical logs show that key zones reflect gas potential as expected and some surrounding rocks above coal seams show excellent additional gas potential as well.