Javelin Energy Inc.

Javelin Energy Inc.

January 15, 2007 17:31 ET

Javelin Announces Successful Completion of Second Triassic Gas Well at Clear Prairie, Alberta

CALGARY, ALBERTA--(CCNMatthews - Jan. 15, 2007) - JAVELIN ENERGY INC. (TSX VENTURE:JAV) ("Javelin" or the "Corporation") is pleased to announce that the Corporation has successfully completed a Triassic gas zone in its 100% working interest Clear Prairie well located at 100/10-14-91-12W6M. This follows on Javelin's earlier announced successful completion of 3 Triassic zones in its 100% working interest Clear Prairie well located at 102/15-11-91-12W6M.

The well 100/10-14-91-12W6M was flow tested for 48 hours and produced sweet gas at an initial unstabilized average rate of 850 Mcf/day (approximately 141 Boe/day).

The well is adjacent to the existing Clear Prairie gas gathering infrastructure and the Corporation plans to have the well tied-in and on production within the next 7 days. Results from such operations will be reported as they become available.

BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf: 1 Bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

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

Contact Information

  • Javelin Energy Inc.
    Peter Aubrecht
    President and Chief Executive Officer
    (403) 290-0193
    (403) 290-0194 (FAX)
    Javelin Energy Inc.
    Tom Johnson
    Chief Financial Officer
    (403) 560-3262
    (403) 290-0194 (FAX)