Aspen Group Resources Corporation

Aspen Group Resources Corporation
Westchester Resources Inc.

Westchester Resources Inc.

January 19, 2005 10:43 ET

Aspen Group and Westchester to Begin drilling in North Dakota






JANUARY 19, 2005 - 10:43 ET

Aspen Group and Westchester to Begin drilling in North

OKLAHOMA CITY, OKLAHOMA--(CCNMatthews - Jan. 19, 2005) -

Updates Saskatchewan drilling

Aspen Group Resources Corporation (TSX:ASR) ("Aspen" or the "Company")
and Westchester Resources Inc. (TSX VENTURE:WSR) today announced that
drilling operations on the initial well in North Dakota are scheduled to
commence on January 23, 2005. The drilling location is approximately 5
miles south of the Eland field in Stark County.

The target is the Lodgepole Formation, which is productive throughout
Stark County. The average Lodgepole completion has an estimated ultimate
recovery (EUR) of approximately 1,000,000 barrels of oil and 500MMcf of
gas. Target depth is approximately 9,700 feet and estimated costs to
casing point are US$900,000. Completions are estimated at an additional
US$400,000. Drilling and completion costs are split 50/50 between Aspen
and Westchester.

As announced in November 2004, Aspen and Westchester, through their
joint venture arrangement (the "Joint Venture") entered into a
multi-well exploration agreement with Oil for America, Inc. ("OFA") in
North Dakota. The initial agreement is for a four well package with
Aspen acting as operator. OFA, in association with the Joint Venture,
have leased lands for several additional locations in North Dakota.
Availability of the rig for a second well has yet to be determined.


Aspen also announced that the Joint Venture has initiated a feasibility
study on its Southern Saskatchewan property. To date, test wells have
been drilled on the eastern and western edge of the 52,533-acre property
to study the potential gas zones in the Colorado Group Formation. Both
wells encountered gas shows in two zones and preliminary data indicates
a potentially large gas-bearing reservoir. However, both wells
encountered tight permeability within the target zones. The Joint
Venture has initiated the feasibility study to determine how best to
exploit this type of formation and determine the next drilling
locations. The Joint Venture expects to have the study completed by the
end of February. Additional properties in the area are currently being

Aspen Group Resources Corporation is an independent oil and natural gas
producer engaged in the acquisition, exploration, production and
development of oil and natural gas properties in North America. Aspen's
shares trade on The Toronto Stock Exchange under the symbol "ASR".

For more information on the Oil and Gas Industry in North Dakota, visit

Portions of this document include "forward-looking statements", which
may be understood as any statement other than a statement of historical
fact. Forward-looking statements contained in this document are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. These statements are based on
management's current expectations and are subject to uncertainty and
changes in circumstances. Actual results may vary materially from
management's expectations and projections expressed in this document.
Certain factors that can affect the Company's ability to achieve
projected results are described in the Company's Annual Report on Form
20-F and other reports filed with the Securities and Exchange
Commission. Such factors include, among others, production variances
from expectations, uncertainties about estimates of reserves, volatility
of oil and gas prices, the need to develop and replace reserves, the
substantial capital expenditures required to fund operations,
environmental risks, drilling and operating risks, risks related to
exploratory and developmental drilling, competition, government
regulation, and the ability of the company to implement its business


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