Daytona Energy Corporation
TSX VENTURE : DTE

Daytona Energy Corporation

November 30, 2007 10:51 ET

Daytona Energy Corporation: Brazeau River-Drilling Update

CALGARY, ALBERTA--(Marketwire - Nov. 30, 2007) - Daytona Energy Corporation (TSX VENTURE:DTE) reports directional drilling has reached a measured depth of 2,916 metres on the Brazeau 11-32-47-14W5M infill development well on its key Brazeau River prospect. It is anticipated that total measured depth of approximately 3,400 metres will be reached next week.

Current depth: 2,916 metres

Operation: Directional Drilling

The Brazeau 11-32-47-14W5M well is being drilled from the same surface location as the Brazeau 10-05-48-14W5M well, where production casing has been run and operations are pending the completion of drilling of the Brazeau 11-32 well. It is anticipated that total depth will be reached in the middle of December 2007.

Daytona has a 6% non-operated working interest in the project.

Daytona is an oil and gas exploration/development company, focused on gas exploration in Alberta, Canada and the Gulf Coast region of the United States.

ON BEHALF OF THE BOARD OF DIRECTORS OF DAYTONA ENERGY CORPORATION

Jim Breimayer, President & CEO

Except for historical information contained in this release, the matters discussed are forward looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "probable" and "intend" and similar expressions, as they relate to the Company or its management, identify forward looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development; commercialization or technological difficulties; the regulatory and trade environment. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • Daytona Energy Corporation
    Rebecca Myers
    1-888-420-4788
    or
    Daytona Energy Corporation
    Jim Breimayer
    1-903-939-1380
    Website: www.DaytonaEnergy.com.