Wyn Developments Inc.

Wyn Developments Inc.

January 08, 2007 00:15 ET

Wyn Developments Inc. to Produce From 3 Natural Gas Wells 1st Quarter 2007

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 8, 2007) - Wyn Developments Inc. (the "Company") (TSX VENTURE:WL)(PINK SHEETS:WYDPF)(FWB:YXE) announces three Trutch area Triassic Halfway Development wells are proceeding into production, a new Trutch area Triassic Halfway Development well is now planned for this winter season, weather permitting, and work continues on the Prophet River d-60-E/94-G-15 Slave Point Exploratory well.


Both the FET et al Tommy c-25-A/94-G-15 and FET et al Tommy b-56-A/94-G-15 natural gas development wells have been successfully tested and completed, building upon the success of the FET et al Tommy c-36-A/94-G-15 Triassic Halfway discovery well, which test flowed 1.65 MMcf.d after stimulation. The Operator, Focus Energy Trust (FET), is now equipping the c-25-A, c-36-A and b-56-A wells for production, and is extending pipeline from their existing infrastructure at Tommy Lake. FET will run 14,217 meters of six inch pipe from Tommy Lake to the c-36-A well, followed by a total of 1,688 meters of four inch pipe from c-36-A to the b-56-A and c-25-A wells. The Company's total cash commitment for the pipeline is approximately CAD $400,000 (representing a 15% gross interest) with production forecast to begin late February 2007. Initial production rates will be provided at that time.


The Company has initiated another Trutch area Triassic Halfway exploratory well to be drilled before breakup, weather permitting. The Company is seeking a license transfer for the b-86-A/94-G-15 well (WA20151) and is currently negotiating for a rig and qualified operator. The b-86-A application was approved by the BC Oil and Gas Commission last winter and is located north of the successful b-56-A well. By drilling b-86-A to total depth, the Company will earn an additional six sections (6 square miles) of the Bougie Trutch lands (for a total of 18 sections) from the surface to above the Slave Point Formation. The Company has already earned its interest in twenty-six sections (26 square miles) from the top of the Slave Point to the basement. In total, the Company retains an option to earn a 15% interest in up to forty-one sections (41 square miles) in the Bougie Trutch and Trutch East lands.


At Prophet River, the evaluation of the d-60-E/94-G-15 Slave Point Exploratory well resumed January 3rd, following the Christmas break. The Company will offer more information on the project once this evaluation is complete; a process that may require another two to three weeks.

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,


David McMillan, President & CEO


This press release may contain forward-looking statements including expectations of future production. More particularly, this press release contains statements concerning Wyn Developments Inc. 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 Inc. - North America
    Tom Brady
    (604) 685-5851 or Toll Free: 1-888-685-5851
    Wyn Developments Inc. - North America
    Chad McMillan
    (604) 685-5851 or Toll Free: 1-888-685-5851
    Wyn Developments Inc. - 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
    Small Cap Invest Ltd. - Europe
    Alexander Friedrich
    49 (0) 69-24 24 93 49
    49 (0) 12 12 544 71 04 62 (FAX)
    Email: afriedrich@small-cap-invest.com
    Yes International Inc. - United States
    Rich Kaiser
    (757) 306-6090 or Toll Free: 1-800-631-8127
    (757) 306-6092 (FAX)
    Email: rich@yesinternational.com