Torque Energy Inc.
TSX VENTURE : TQE

Torque Energy Inc.

October 29, 2007 15:22 ET

Torque Energy Inc.: News Release

LONDON, ONTARIO--(Marketwire - Oct. 29, 2007) - Torque Energy Inc. (TSX VENTURE:TQE) has filed with Canadian securities authorities its unaudited financial statements and related Management's Discussion and Analysis for the nine month period ending August 31, 2007. The Company reported a profit of $175,614 ($0.01 per share) for the third quarter period compared to a profit of $83,516 ($0.01 per share) for the same period in 2006. The profit is primarily due to higher production sales volumes.

In the second quarter of 2007, the Company participated in specific project areas in southwestern Ontario. A 10.5 kilometre, two-dimensional seismic program in the Dunwich project area has now been processed and interpreted. An exploratory well has been drilled showing signs of hydrocarbons however not in commercial quantities. A second exploratory well is planned for the Dunwich prospect and currently the Company is reviewing the technical data obtained from the first well in order to enhance the target for the second exploratory location.

Copies of the filed documents may be accessed electronically through www.sedar.com.

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

Contact Information

  • Torque Energy Inc.
    John K. Thomson
    General Manager
    (519) 433-7710 or Toll Free: 1-866-484-8230
    or
    Torque Energy Inc.
    Brian E. Bayley
    President
    (604) 689-1428