FairWest Energy Corporation

FairWest Energy Corporation
Blue Parrot Energy Inc.

Blue Parrot Energy Inc.

May 23, 2006 17:43 ET

FairWest Energy Corporation and Blue Parrot Energy Inc. Announce Commencement of Drilling Program at Antelope, Alberta

CALGARY, ALBERTA--(CCNMatthews - May 23, 2006) - James G. Gettis, President of FairWest Energy Corporation ("FairWest") (TSX:FEC) and Bill Elligson, President of Blue Parrot Energy Inc. ("Blue Parrot") (TSX VENTURE:BPA) (BERLIN:BPX) are pleased to announce the commencement of a joint drilling program at Antelope, Alberta. The 8 well exploratory drilling program at Antelope is the result of significant 3-D seismic interpretation completed in the first quarter of 2006.

FairWest and Blue Parrot each have a 50% interest in the joint venture. FairWest is the operator under the joint venture.

FairWest Energy Corporation (Toronto: TSX: FEC) and Blue Parrot Energy Inc. (Toronto TSX-V: BPA / Berlin BE: BPX) are Calgary, Alberta based junior oil and gas companies engaged in the acquisition, exploration, development and production of crude oil and natural gas.

Contact Information

  • FairWest Energy Corporation
    James G. Gettis
    President and Chief Executive Officer
    (403) 264-4949
    Blue Parrot Energy Inc.
    Bill Elligson
    (403) 262-8444