Javelin Energy Inc.

Javelin Energy Inc.

January 22, 2007 15:09 ET

Javelin Announces Tie-In of Gas Wells at Clear Prairie, Alberta

CALGARY, ALBERTA--(CCNMatthews - Jan. 22, 2007) - JAVELIN ENERGY INC. (TSX VENTURE:JAV) ("Javelin" or the "Corporation") is pleased to announce that the Corporation has completed tie-in of the two recently drilled Triassic gas wells on its 100% working interest Clear Prairie property. The 100/10-14-91-12W6M and the 102/15-11-91-12W6M have been tied-in to the existing Clear Prairie gathering system and are scheduled to be placed on production on Monday, January 22, 2007.

The combined initial unstabilized production rate from the two new wells and two re-completed existing wells at 100/01-14-91-12W6M and 100/16-11-91-12W6M is anticipated to be approximately 1.6 Mcf/day of gas (271 BOE/day at 6:1) and 29 Bbls/day of oil. The 102/15-11-91-12W6M has been placed onstream at a restricted rate due to the absence of oil treatment facilities in the Clear Prairie region at this time. Javelin has begun the application process for the installation of oil treatment facilities.

Javelin is continuing re-completion operations on its Clear Prairie wells and 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)