SOURCE: Cascade Energy, Inc.

November 22, 2005 09:00 ET

Cascade Updates Pipeline Construction -- Tie-in of Well Scheduled for November 28

TUCSON, AZ -- (MARKET WIRE) -- November 22, 2005 -- Cascade Energy, Inc. (OTC BB: CSCE) today is pleased to announce that the tie-in for the Empress "11-16" gas well is underway. The surface at the lease is being leveled and graveled today at which time the site will be prepared for the separator. The gas pipeline tie-in equipment will be delivered on Wednesday and connected over the next couple of days. The physical pipeline construction work will commence today. Cascade and the operator should be ready to have all the work completed and officially commence commercial production on Monday, November 28.

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.

William Marshall

Contact Information

  • Contact:
    William Marshall
    1-888-359-9565