Choice Resources Corp.
TSX VENTURE : CZE

Choice Resources Corp.

September 19, 2005 08:00 ET

Choice Resources Provides Operational Update on Pincher Creek Drilling

CALGARY, ALBERTA--(CCNMatthews - Sept. 19, 2005) - Choice Resources Corp. (TSX VENTURE:CZE) is pleased to announce that the 1-5-3-28 w4m Pincher Creek well reached its total measured depth of 3,755 meters with intermediate casing now run and cemented in place without incident. The casing penetrated the Fernie Shales and is cemented into the impervious cap rock of the Mount Head. The Fernie Shales are a platy, over-pressured interval prone to collapse and was considered to be a zone of concern in the drilling operation. With this shale interval safely cemented behind casing, Choice will begin the underbalanced horizontal drill segment of the well in the porous gas-bearing intervals of the Rundle group.

To date, the drilling operation has progressed well. The operation is approximately 10 days ahead of schedule. Horizontal drilling will take place as part of the next phase and Choice will be drilling with natural gas that will be recovered as all returns will be processed at the Pincher Creek Gas Plant. More information will be released once the technical information is analyzed. Choice Resources, Running Fox Resource Corp. and Blue Parrot Energy have a 52.5%, 15%, and 2.5% respective interest after payout of the well capital. Steven Schurman, CEO of Running Fox comments: "Running Fox is quite pleased with the progress of the drilling operations to date".

CAUTION REGARDING FORWARD LOOKING STATEMENTS

Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. These statements speak only as of the date of this presentation. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

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

Contact Information

  • Choice Resources Corp.
    Gord Harris
    CEO
    (403) 216-5821
    or
    Choice Resources Corp.
    Steve Austin
    CFO
    (403) 216-5821
    (403) 216-5828 (FAX)
    info@choiceresources.ca