Bronco Energy Ltd.
TSX VENTURE : BCF

Bronco Energy Ltd.

November 18, 2005 12:22 ET

Bronco Energy Ltd. Announces Update on Operations; Announces Joint Venture Arrangement

CALGARY, ALBERTA--(CCNMatthews - Nov. 18, 2005) - Bronco Energy Ltd. (TSX VENTURE:BCF) ("Bronco") is pleased to announce that it has drilled and cased its first two wells for multi-zone gas potential at Bruce, Alberta. The wells are currently being completed and tested for productivity. Three additional wells in Cessford and Knappen areas will be drilled in the coming weeks subject to weather and surface access conditions.

Bronco also wishes to announce that it has entered into a joint venture with an industry partner. The joint venture includes the aforementioned two wells at Bruce and two wells at Cessford. All costs including land equalization, drilling, and equipping, along with production revenue and expenses will be shared 50%/50%. Bronco is in turn being provided the opportunity to participate in a three well program in the next few months, on the same terms, in South East Saskatchewan, targeting light oil.

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

Contact Information

  • Bronco Energy Ltd.
    Brian Alford
    President and Chief Executive Officer
    (403) 699-8383
    (403) 693-0038 (FAX)
    or
    Bronco Energy Ltd.
    David Johnson
    Chief Financial Officer
    (403) 699-8383
    (403) 693-0038 (FAX)