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06/27/14 - $0.07
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sennen potash corp (SNNJF) Details

Sennen Potash Corp. engages in acquisition, exploration, and development of mineral properties. It primarily holds 51% interest in the Monument Potash project consisting of approximately 100,000 net mineral acres leasehold package located in San Juan County in south-east Utah, and south-west Colorado, the United States. The company was incorporated in 1981 and is headquartered in Vancouver, Canada.

sennen potash corp (SNNJF) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$222.0K
Chief Financial Officer and Secretary
Total Annual Compensation: C$174.0K
Compensation as of Fiscal Year 2014.

sennen potash corp (SNNJF) Key Developments

Sennen Potash Corporation and Paradox Basin Resource Corp. Commence Drilling on Johnson 1 Monument Potash Project, Utah

Sennen Potash Corporation, along with its partner, Paradox Basin Resource Corp. provided a project update on the Monument Potash Project in southeast Utah and southwest Colorado. Sennen has engaged Beeman Drilling Services based in Moab, Utah as drilling contractor for its Johnson 1 potash exploration well to be spud shortly. Beeman operates in the Rocky Mountain region and Four Corners area and has drilled a number of potash wells in the region. As previously announced, all required permitting and regulatory approvals have been received and the Beeman rig has been mobilized. Construction of the drilling pad is almost complete and, Sennen expects the Well to be spud within the next 5 days. The Johnson 1 well is located approximately 2 km (1.3 miles) southeast of the historic Western Natural #1 Charles Redd oil and gas well which indicated a cycle 18 total thickness of approximately 107 m (350 ft). The Well is located within 40 m (130 ft) of the 50 81 Thistle 2D seismic line licensed to the Company, which indicates a continuous and flat salt Cycle 18 formation with no evident faulting in and around the area of the Well.

Sennen Potash Corporation and Paradox Basin Resources Corp. Provide Project Update on the Monument Potash Project

Sennen Potash Corporation and Paradox Basin Resource Corp. provided a project update on the Monument Potash Project in South East Utah and South West Colorado. Following the acquisition and interpretation of 2D seismic over approximately 440 km (275 miles) of the project area, Sennen completed a review and analysis of the interpreted seismic with RPS Canada and North Rim Exploration. The interpreted seismic indicated no structural challenges and demonstrated a continuous and flat salt cycle 18 formation in the area of the proposed initial Johnson 1 potash exploration well (the "Johnson 1 Well") being currently designed. Seismic interpretation shows that the Paradox formation appears to have a calculated ispoach at the location of the Johnson 1 Well of approximately 860m (2,700 feet) thick with no evidence of salt dissolution or faulting in the area of interest. The Johnson 1 Well location was selected based on seismic review and interpretation, anticipated thickness of salt cycle 18, good road access, surface terrain and use, proximity to existing wells/exploration data points and anticipation of spacing of drill holes for resource calculation purposes. The Johnson 1 Well is located within 2 miles of the historic Western Natural #1 Charles Redd well which shows a notable gamma kick in salt cycle 18, indicating the presence of potash mineralization within the drill hole. As logs from this well did not include a scale notation, the gamma kick observed in that well serves only as a positive indicator for potash mineralization. Based on supportive seismic and other exploration work conducted over the past year, the Company and its partner have acquired approximately 4,640 net mineral acres of additional private potash leases, bringing the total lease holdings to 106,842 net mineral acres. Engineering and geological analysis, pad planning and well design work, has been underway for several months now. The reports, applications and agreements required for the upcoming Johnson 1 Well have been completed and submitted. All required permits and approvals have been approved by the Utah State Division of Oil, Gas and Mining and School and Institutional Trust Lands Administration and the required reclamation bond of $84,300 has been lodged with the State. Sennen plans to start building the pad and commence drilling activities shortly. Long lead time items, including the securing of drilling, coring, fluid contractors and experienced site personnel are in the advanced stages of being finalized. The Company is pleased with the level of potash and broad mineral exploration experience available in local communities in close proximity to its substantial potash leasehold.

Sennen Potash Corporation, Annual General Meeting, Jun 26, 2014

Sennen Potash Corporation, Annual General Meeting, Jun 26, 2014., at 10:00 Pacific Standard Time. Location: #501-837 W. Hastings Street. Agenda: To receive the audited financial statements for the financial year ended January 31, 2014, the report of the auditor and related management discussion and analysis; to elect directors for the ensuing year; to appoint an auditor for the ensuing year; to fix the number of directors at four; to ratify and approve the share option plan; and to consider any amendment to or variation of a matter identified in this notice; and to transact such other business as may be properly transacted at the Meeting or at any adjournment thereof.


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