Adulis Resources Inc.

March 14, 2005 20:50 ET

Adulis Resources Inc.: News Release




MARCH 14, 2005 - 20:50 ET

Adulis Resources Inc.: News Release

CALGARY, ALBERTA--(CCNMatthews - March 14, 2005) - Adulis Resources

As announced March 10, 2005, the Company has completed its investigation
of the Sirruma 1 well. Despite encountering good gas shows in the well
the final logs, sidewall samples and pressure evaluation indicated that
the objective section did not contain sediments of reservoir quality
which could support economic flow rates. The well is currently in the
process of being abandoned.

The Pride drilling rig, which was used in the drilling of the Sirruma
well will be moved to Molino de Viento, the second well of the two well
exploration program in the Salinas Block in the immediate future.

The Molino de Viento Prospect is located in the southern portion of the
Salinas Block approximately 25 km. south of the Sirruma location and
represents a conventional four way closed structural play in contrast to
the stratigraphic play tested at Sirruma. At Molino de Viento two target
zones exist including a section of seismically defined amplitude
anomalies stacked above an ancient and time persistent basement high.
These amplitude anomalies are interpreted to relate to gas trapped in a
thick section of interbedded Lower Miocene sand and shale. The secondary
target at Molino de Viento is in interpreted fractured and weathered
basement rock which are proven producers in the Catatumbo basin to the
south and Venezuela to the southeast.

The Molino de Viento well, which is expected to spud around the first
week of April will be drilled to a depth of approximately 9000 feet.
Molino de Viento will be the fourth well in the ten well exploration
program planned by Adulis/Solana for drilling in 2005.

Adulis operates in Colombia through Solana Petroleum Exploration
Colombia Limited, Adulis' wholly owned subsidiary. The Salinas Block is
held under an Association Contract with Ecopetrol, the Colombian state
oil company. Ecopetrol has approved the transfer of interest in the
block to Solana from the prior owners and the resolution giving the
approval of the National Hydrocarbon Agency is expected to be received
in the near future.


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