Daytona Energy Corporation

Daytona Energy Corporation

October 24, 2007 18:08 ET

Daytona Energy Corporation: Brazeau River-Infill Well Spud

CALGARY, ALBERTA--(Marketwire - Oct. 24, 2007) - Daytona Energy Corporation (TSX VENTURE:DTE) announces the spudding of the Brazeau 10-5-48-14 W5M infill well on October 22, 2007.

Progress report on the Brazeau 10-5 well as of 8:00 a.m. October 22, 2007

Current depth: 476 m

Operation: Drilling 311 mm at 589 m

This well, Brazeau 10-5-48-14 W5M, will offset the Brazeau 2-5-48-14 W5M producing well to the north. The Brazeau 2-5-48-14 W5M well was recently hydraulically fractured with good results and is currently producing 1.5 MMcf per day.

If the Brazeau 10-05-48-14 W5M well is successful, another infill development well will be drilled in section 32, south of section 2.

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.


Jim Breimayer, President & Chief Executive Officer

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
    Daytona Energy Corporation
    Jim Breimayer
    (903) 939-1380