Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

January 23, 2007 07:00 ET

Powder River Continues 100% Success Rate in Goliad County

CALGARY, ALBERTA--(CCNMatthews - Jan. 23, 2007) - Powder River Basin Gas Corp. (OTCBB:PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has completed the Taylor #2 well on the Weesatchee Project in Goliad County, Texas. This is the 10th of the 14 well program outlined for initial development on the project.

The Taylor #2 was drilled and cased to 3098 feet and showed 14 pay zones. Three of these zones were over 15 feet thick and held pressure of over 1200 psi. The lower zone was put into production and set at 500 mcf per day. The pressure will be monitored over the next few weeks and may be increased if there is no decline.

"We are very excited we have been able to continue our drilling program with 100% success on this project. We also have been fortunate in that this area missed the severe weather and ice storms which delayed progress in many other parts of Texas, Oklahoma and Louisiana. We look forward to continuing our success in the final four wells on this project," stated Powder River Basin Gas Corp. CEO Brian Fox.

Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.

Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.

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