Trinity Plumas Capital Corp.

Trinity Plumas Capital Corp.

January 06, 2005 11:30 ET

Trinity Updates Horizontal Drilling Operations in Newark East Field and Posts Open Letter to Shareholders on Website


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: TRINITY PLUMAS CAPITAL CORP.

TSX VENTURE SYMBOL: TPC

JANUARY 6, 2005 - 11:30 ET

Trinity Updates Horizontal Drilling Operations in
Newark East Field and Posts Open Letter to
Shareholders on Website

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 6, 2005) - Trinity
Plumas Capital Corp. (TSX VENTURE:TPC)

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

Mr. Bill Rhea, President and COO of Trinity Plumas Capital Corp.
("Trinity") is pleased to announce that its wholly-owned U.S.
subsidiary, Trinity Barnett LLC, and its partners, have several
operations to report. The Eagle Farms #11H well, a horizontal
development well wherein Trinity owns a 17.7% Working Interest, has
reached total depth of approximately 11,560 feet, production pipe has
been set, and the well was fracture stimulated last week though no
production results are available yet from the Operator of the well,
Devon Energy.

The Baker Ranch Estates Unit #1H well, also a horizontal development
well which began drilling in early October, recently reached total depth
of approximately 12,300 feet and production pipe was set after
experiencing mechanical difficulties during the drilling process.
Trinity owns a 28.1% Working Interest in the well. A tentative date of
mid-January 2005 has been set to fracture stimulate the well.

The Denton-CJW #1H horizontal well commenced drilling on December 7,
2004 and is currently drilling below 11,400 feet toward a total depth
below 12,500 feet. Trinity owns a 43.75% Working Interest in the
development well, which is near the Meador-Hammer #1H well, previously
announced.

Trinity now owns varying Working Interests in 25 producing gas wells (19
vertical and 6 horizontal), 2 horizontal development wells (one shut-in
waiting fracture stimulation and the other waiting flowback), and 1
horizontal development well drilling. Recent production levels were
exceeding 3,000 Mcf of gas per day net to Trinity.

Mr. Rhea commented, "We are very pleased with the progress we have made
in Newark East Field thus far and look forward to a continuation of the
momentum we have built up. This is a strong operational finish for the
year and we look forward to 2005 with great anticipation. We have also
posted an Open Letter to Shareholders on our Company website at
www.trinityplumas.com, and we invite interested parties to read about
our recent financial and operational history, as well as a look into our
future."

Robert E. Chamberlain, Jr., CEO and CFO of Trinity, added "We look
forward with great anticipation to the production results for these
three horizontal development wells and plan to release relevant
information on these wells as soon as it is available."

About Trinity

Trinity Plumas Capital Corp. is a resource exploration and development
company. Its focus is on the efficient development of natural resources
in the North and Central America regions while maintaining high
standards of environmental responsibility.

ON BEHALF OF THE BOARD OF DIRECTORS

J. W. Rhea, IV

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Trinity Plumas Capital Corp.
    Robert E. Chamberlain, Jr.
    Toll Free: 1-800-514-3169
    Email: rchamberlain@trinityplumas.com
    or
    Trinity Plumas Capital Corp.
    J. W. (Bill) Rhea, IV
    Toll Free: 1-800-514-3169
    Email: brhea@trinityplumas.com
    Website: www.trinityplumas.com
    The TSX Venture Exchange Inc. has not reviewed and does not accept
    responsibility for the adequacy and accuracy of this release.