Vision 2000 Exploration Ltd.
TSX VENTURE : VNN

Vision 2000 Exploration Ltd.

January 19, 2007 12:17 ET

Vision 2000 Announces $4.5 Million Capital Budget for 2007

CALGARY, ALBERTA--(CCNMatthews - Jan. 19, 2007) - Vision 2000 Exploration Ltd.'s (TSX VENTURE:VNN) board of directors has approved a capital budget for 2007 of $4.5 million, with the majority of expenditures expected to be spent on development activity in the Company's Kaybob South core area. The 2007 capital program will be funded from cash flow and existing lines of credit.

The Company's 2007 capital spending will primarily focus on drilling for liquids-rich natural gas at Kaybob targeting principally the Notikewin and Gething formations at drilling depths of 2,000 metres. The Kaybob program will consist of six drilling locations (five operated) and one operated re-completion with an average working interest of 37% in the entire program.

During the first quarter of 2007 the Company plans to spend $1.3 million at Kaybob drilling two wells (one operated) and one operated re-completion with an average working interest of 38% in the program.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Vision 2000 Exploration Ltd.
    David G. Conklin
    President & CEO
    (403) 294-1177
    (403) 294-1274 (FAX)
    Email: vision2000@vision2000ex.com
    Website: www.vision2000ex.com
    or
    Vision 2000 Exploration Ltd.
    Suite 730, 138 - 4th Avenue S.E.
    Calgary, Alberta T2G 4Z6