Consolidated Beacon Resources Ltd.
TSX VENTURE : KBC

Consolidated Beacon Resources Ltd.

January 26, 2006 12:47 ET

Consolidated Beacon Resources Ltd.: Nova Scotia Property Update

CALGARY, ALBERTA--(CCNMatthews - Jan. 26, 2006) - Consolidated Beacon Resources Ltd. (TSX VENTURE:KBC) (the "Company") is pleased to announce recent developments concerning its oil and gas exploration project near Truro, Nova Scotia. The company is initiating re-evaluation of the existing 2-D seismic data using independent consultants, with a goal of commencing a detailed 3-D seismic survey. It is anticipated that the company will identify potential targets from the existing data, and initiate the enhanced seismic program during the second quarter of 2006.

In addition to this current activity, the Company has met with the Department of Energy in Nova Scotia to discuss potential opportunities in the continued development of the provinces onshore oil and gas sector. Nova Scotia has seen an increase in oil and gas exploration activity as of late, with 2004 having the first 3-D seismic survey completed and twelve onshore wells drilled from 2000 to 2005. The Company intends to capitalize on the expanding energy sector in this province, and continue to bring expertise from Western Canada to this under exploited region. Additional details concerning the Nova Scotia energy sector can be viewed at:

http://www.gov.ns.ca/energy

Consolidated Beacon Resources Ltd. is a Calgary, Alberta based corporation in the business of evaluating and acquiring oil and natural gas properties, exploring for petroleum substances, principally in the province of Nova Scotia, western Canada and the United States.


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

Contact Information

  • IR Communicators
    Gordon Beach
    (403) 651-2314
    Email: gordbeach@shaw.ca
    or
    Consolidated Beacon Resources Ltd.
    Nathan Hansen
    (403) 539-9328
    (403) 213-8899 (FAX)