Longbow Resources Inc.
TSX VENTURE : LBR

Longbow Resources Inc.

January 07, 2008 15:06 ET

Longbow Resources Inc. Completes and Tests 2nd Byemoor Oil Well

CALGARY, ALBERTA--(Marketwire - Jan. 7, 2008) - Longbow Resources Inc. (TSX VENTURE:LBR) ("Longbow") is pleased to announce that the company has completed and tested its second new well on its Byemoor Property. The LONGBOW HZ FENNBV 3-9-35-18W4 well spudded on Dec 11 and rig released Dec 20, 2007. The well is a horizontal well drilled from a surface location in 8-8 to a bottom hole location in 3-9-35-18W4. The open hole horizontal section was drilled to a length of 478m. The well was completed from Dec 27 to Jan 7th.

The well swab tested within the range of management's original expectations and is behaving very similar to the first new well, which the Company completed in the Byemoor pool on Nov 24th 2007. The Company plans to produce the well at a stabilized rate in the 40 to 70 boepd range. The variation in production is, once again, due to the initial relativity high gas to oil ratio, which may curtail production due to potential gas processing facilities restraints in the area at this time. The well is expected to be tied-in and on production by February 2008.

Longbow is a junior oil and natural gas company based in Calgary, Alberta with core natural gas & oil properties located in Alberta, Saskatchewan and British Columbia.

Certain statements contained herein may constitute forward-looking statements. These statements relate to future events or our future performance. All statements other than statements of historical fact may be forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan", "continue", "estimate", "expect", "may", "will", "project", "predict", "potential", "targeting", "intend", "could", "might", "should", "believe" and similar expressions. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. We believe that the expectations reflected in the forward-looking statements are reasonable based upon management's current views but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. No assurance can be given that actual results, performance or achievement expressed in, or implied by these forward-looking statements will occur, or if they do, that any benefits may be derived from them. Past results have been applied in drawing a conclusion or making a forecast or projection set out in the forward-looking information.

The term barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions herein are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.




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