SOURCE: Cascade Energy, Inc.

October 19, 2005 09:00 ET

Cascade Updates Gas Pipeline Timing and Developments

TUCSON, AZ -- (MARKET WIRE) -- October 19, 2005 -- Cascade Energy, Inc. (OTC BB: CSCE) today wishes to update the recent developments of the natural gas pipeline that will tie-in the "11-16" gas well for commercial gas production.

The pipeline route survey has now been completed and the last permitting and right of way agreements are being finalized so that pipeline construction can begin. Cascade has been informed by the operator that the installation of the pipeline is scheduled to begin in 2 weeks with the goal of finishing and commencement of commercial production and sales by mid-November.

Cascade and partners will tie-in to existing infrastructure at the Alta Gas gathering system. This tie-in point is 1.5 miles from the well and is the best logistical point for connection. The construction timetable should allow Cascade to be online and in production to take advantage of rising winter gas prices. The "11-16" natural gas well, when in production is projected to produce 500 to 600 Mcf gas per day as a stable production rate.

ABOUT CASCADE ENERGY

Cascade is an explorer for natural gas and oil. The primary objective of Cascade is to acquire, discover, upgrade and expand North American onshore oil and gas reserves towards near-term production and cash flow, together with identifying and participating in exploration opportunities. By maintaining a balanced debt and equity mix, Cascade's operating strategy is to become cash flow positive in the short term to allow the Company a re-investment of production dollars to enhance and grow company assets. By searching and identifying exploration and producing properties that fit the company's investment and production criteria, Cascade has formulated a strategy to prioritize assets that provide low risk, short payback period and long life reserves.

Safe harbor for Forward-Looking Statements:

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Cascade Energy Inc. has little or no control.

ON BEHALF OF THE BOARD

Cascade Energy, Inc.

Chris Foster-Director

Contact Information

  • Contact:
    Chris Foster
    1-888-359-9565