International Sovereign Energy Corp.

International Sovereign Energy Corp.

May 19, 2006 13:13 ET

International Sovereign Energy Corp.: Drilling Program Continues

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 19, 2006) - International Sovereign Energy Corp. (TSX:ISR) continues to execute its second quarter drilling program. The Kinnell #6 rig is moving today to Forestburg, Alberta to drill the first of two wells, (1-11 and 12-10-42-16W4). The two wells are drilled to test the lower Cretaceous for a Glauconite channel gas bearing sand. International Sovereign is paying 100% to earn a 70% working interest upon election of the farmor and also subject to the election of company's joint venture partner, Norglen Energy Corporation.

Additional activity proposed in the second quarter is a third well for the Kinnell rig in the Milo, Alberta and two additional wells targeting gas in Medicine River, Mannville and the initiation of the heavy oil expansion program (seven wells) in Marwanye, Alberta. Early in the third quarter, two non-operated wells are planned to commence drilling in Sinclair Manitoba for light oil.

Three wells drilled late in the first quarter (Medicine River, Peace River area two wells) were cased as potential gas wells with one other well re-entered (Prevo, Alberta) and was successfully tested for gas. Tie-in plans for all four wells are being generated, with commercial gas sales anticipated in the third quarter.

International Sovereign Energy Corp. is an oil and gas exploration development and production company with offices in Vancouver, British Columbia, Calgary, Alberta and Islamabad, Pakistan and is active in the exploration and development of hydrocarbon reserves in Western Canada and internationally.

Certain information provided in this press release contains forward-looking statements that by their nature are subject to numerous risks and uncertainties and readers are cautioned that actual results may vary considerably from those forecasted.

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Contact Information

  • International Sovereign Energy Corp.
    Omair Choudhry
    Chief Financial Officer
    (604) 684-7372
    (604) 684-2407 (FAX)