Arctos Petroleum Corp.

March 02, 2005 08:00 ET

Arctos Petroleum Corp.: Alexander Prospect Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ARCTOS PETROLEUM CORP.

TSX VENTURE SYMBOL: APO

MARCH 2, 2005 - 08:00 ET

Arctos Petroleum Corp.: Alexander Prospect Update

CALGARY, ALBERTA--(CCNMatthews - March 2, 2005) - ARCTOS PETROLEUM CORP.
("Arctos" or the "Company") (TSX VENTURE:APO) is pleased to announce
that the construction of the production facilities on the Alexander
Prospect is proceeding. The single well battery will tie in the 6-7 well
that was completed in both the Wabamun and Ellerslie for oil and was
flow tested at significant production rates. Production is estimated to
commence at 350 barrels of oil per day (bopd) and is expected to be
on-stream within the next two weeks. The 6-7 discovery well has
identified two potential offset well locations on land currently under
Arctos control. Arctos has a 30% BPO interest, reverting to a 40% APO
interest.

Arctos is a Junior Oil and Gas Company with ongoing exploration,
development, and production programs in Alberta and Saskatchewan.

ARCTOS PETROLEUM CORP.

Thomas A. Doyle, President, CEO

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Arctos Petroleum Corp.
    Thomas A. Doyle
    President, CEO
    (403) 531-1711
    or
    Arctos Petroleum Corp.
    Brian Murray
    COO, VP Land
    (403) 215-9256
    info@arctos.ca
    The TSX Venture Exchange has neither approved nor disapproved of the
    information contained herein.