Canoro Resources Ltd.

Canoro Resources Ltd.

July 19, 2005 17:08 ET

Canoro Begins Drilling South Jorhat Exploration Prospect

CALGARY, ALBERTA--(CCNMatthews - July 19, 2005) - Drilling operations on Canoro Resources Ltd.'s (TSX VENTURE:CNS) South Jorhat exploration prospect, on the AA-ON/7 exploration block in northeast India, have now commenced. It is expected to take approximately two months to drill, log, and test this well.

South Jorhat is a large, multi-zone oil prospect on the 1,450 km2 AA-ON/7 exploration block. If South Jorhat is successful, there are other look-alike structures on the block that can be drilled. This prospect is on trend with and analogous to other significant oil discoveries in the basin.

Canoro is a Canadian-based international oil and gas company operating a development and an exploration block in the prolific Assam/Arakan basin of northeast India. The Company is testing and rehabilitating production from the suspended Amguri oil and gas field where it is the operator and has a 60% working interest. Canoro started drilling its first exploration well on the AA-ON/7 exploration block where it is the operator and has a 65% working interest. Common shares of Canoro trade on the TSX Venture Exchange under the symbol 'CNS'.

Certain statements contained in this news release may be considered as "forward looking". Such statements are generally identifiable by the terminology used, such as "intend", "plan", "expect", "estimate", "budget", "outlook" or other similar words. Such "forward looking" statements are subject to risks and uncertainties that could cause actual results to differ materially from estimated or implied results.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.

Contact Information

  • Canoro Resources Ltd.
    Rob McInnis
    Manager, Investor Relations
    (403) 543-5748
    (403) 543-5740 (FAX)
    Canoro Resources Ltd.
    2810, 715 - 5th Ave SW
    Calgary, Alberta T2P 2X6