Wyn Developments Inc.
TSX VENTURE : WL
PINK SHEETS : WYDPF
FRANKFURT : YXE

Wyn Developments Inc.

January 29, 2007 00:15 ET

Wyn Developments Completes the Prophet River d-60-E/94-G-15 Exploratory Well

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 29, 2007) - Wyn Developments Inc. (the "Company") (TSX VENTURE:WL)(PINK SHEETS:WYDPF)(FWB:YXE) announces the Prophet River d-60-E/94-G-15 exploratory well has been successfully completed.

After perforating and coiled acid wash, the Mississippian reservoir yielded an initial unstabilized gas flow of up to 7.943 MMcf.d. Pressure recorders are currently in the wellbore to determine pressure buildup while the well is shut in and provide insight into the scale of this new Mississippian discovery. The pressures and gas returns, coupled with known seismic and geological data suggests likely communication between d-60-E and the d-19-E Dome well (flow tested 9 MMcf.d.) five kilometers to the southeast as well as the Unocal-Suncor d-65-L (flow tested 10.779 MMcf.d.) approximately 24 kilometers to the South of d-60-E. The seismic data also suggests this gas charged reservoir extends to the northwest.

In addition, excellent gas detection also occurred in the Triassic Halfway Formation as the well encountered 23 meters of prospective pay. The gas shows, log analysis, and seismic data suggest this Triassic Halfway Formation extends northwest and southeast toward the c-97-D Amoco well (3 MMcf.d), approximately seven kilometers from the d-60-E well.

This well control with seismic interpretation suggests the Company could drill an additional four Mississippian and four Triassic Halfway development wells on the 11 square mile Prophet River 'A' lands, in which Wyn has earned its 21 2/3% interest.

The Company also has an option to drill a well on the Prophet River 'B' lands by committing 33 1/3% of the costs to earn a 21 2/3% interest in 10 square miles of land to the total depth drilled. The 'B' lands drilling decision deadline has been extended until March 30th, 2007, with the spudding deadline extended until March 30th, 2008. Well control with seismic interpretation suggests the Company could drill an additional three Mississippian and three Triassic development wells on the 10 square mile Prophet River 'B' lands.

This equates to a potential of seven additional Mississippian and seven additional Triassic Halfway development wells across the 21 square mile Prophet River lands.

The Company has concluded this Mississippian and Triassic Formation development is the appropriate direction for the Prophet River lands which includes the potential to dual produce from these zones. The Company intends to apply for several Mississippian drilling permits and commence a Prophet River development program this summer. With success, production infrastructure could be in place on the Prophet River lands in early 2008.

Thomas W. Bainbridge, P.Geol., is the qualified consultant for the Company's natural gas projects and has reviewed and verified the contents of this news release.

On Behalf of the Board,

WYN DEVELOPMENTS INC.

David McMillan, President & CEO

FORWARD LOOKING STATEMENTS

This press release may contain forward-looking statements including expectations of future production. More particularly, this press release contains statements concerning Wyn Developments Inc.'s future production estimates, expansion of oil and gas property interests, exploration and development drilling, regulatory applications, payout estimates, capital expenditures, and drilling locations to be drilled in 2006. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors that could affect Wyn's operations or financial results are included in Wyn Development's reports on file with Canadian securities regulatory authorities. The forward-looking statements or information contained in this news release are made as of the date hereof and Wyn Developments undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Oil and Gas Advisory. This press release contains disclosure expressed as "Boe/d". All oil and natural gas equivalency volumes have been derived using the ratio of six thousand cubic feet of natural gas to one barrel of oil. Equivalency measures may be misleading, particularly if used in isolation. A conversion ratio of six thousand cubic feet of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head.

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

Contact Information

  • Wyn Developments - North America
    Tom Brady
    (604) 685-5851 or Toll Free: 1-888-685-5851
    or
    Wyn Developments - North America
    Chad McMillan
    (604) 685-5851 or Toll Free: 1-888-685-5851
    or
    Wyn Developments - North America
    Dave McMillan
    (604) 685-5851 or Toll Free: 1-888-685-5851
    (604) 685-7349 (FAX)
    Email: ir@urg.ca
    Website: www.wyndevelopments.ca
    or
    Small Cap Invest Ltd. - Europe
    Alexander Friedrich
    49 (0) 69-24 24 93 49 or 49 (0) 12 12 544 71 04 62
    Email: afriedrich@small-cap-invest.com
    or
    Yes International Inc. - United States
    Rich Kaiser
    (757) 306-6090 or 1-800-631-8127
    (757) 306-6092 (FAX)
    Email: rich@yesinternational.com