Athlone Energy Ltd.
TSX VENTURE : ATH

Athlone Energy Ltd.

September 09, 2005 12:17 ET

Athlone Energy Ltd.: Kitscoty Area Drilling

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 9, 2005) - Athlone Energy Ltd., ("Athlone" or the "Company") (TSX VENTURE:ATH) is pleased to announce the drilling and completion of two successful wells in the Kitscoty area of Alberta. Athlone has a 100% working interest in both wells and is the operator. The first well was completed for oil and is currently producing at 50 barrels oil per day.

The Company has previously conducted 2D and 3D seismic programs on its acreage in the area and plans to drill another three to four oil well locations before year end. Seismic evaluation shows a potential of 12 to 18 possible oil well locations on Athlone's current land holdings.

The second well was drilled, cased and recently completed for natural gas in two zones. The lower zone produced at 600 thousand cubic feet per day (600 mcfpd) and the upper zone produced at 740 mcfpd. Current plans are to tie in and produce both gas zones. It is anticipated that this should occur within two months.

Athlone's current production is estimated at 100 barrels oil per day equivalent.

On behalf of the Board.

ATHLONE ENERGY LTD.

Paul S. Reynolds, President

Copyright (C) 2005 ATHLONE ENERGY LTD. (TSX VENTURE:ATH). All rights reserved.


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

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