Daytona Energy Corporation
TSX VENTURE : DTE

Daytona Energy Corporation

December 11, 2007 12:41 ET

Daytona Energy: Completion of Brazeau 11-32 & 10-5 Wells

CALGARY, ALBERTA--(Marketwire - Dec. 11, 2007) - Daytona Energy Corporation (TSX VENTURE:DTE) announces the Brazeau 11-32-47-14W5M infill well has reached total measured depth of 3,352 metres. Production casing has been run. Completion of the Brazeau 11-32 well in the Gething formation (approximately 2,900 metres) will commence imminently and the well will be fracture stimulated prior to being placed into production.

The Brazeau 11-32-47-14W5M and 10-05-48-14W5M (drilling completed in November 2007) infill development wells share the same surface location. A completion rig is being moved on site to complete both wells. The wells are expected to commence production early in the new year.

Construction on the gas pipeline to the surface location is well underway and will facilitate rapid hook-up of both the Brazeau 10-5 and Brazeau 11-32 wells for gas sales.

Daytona has a 6% non-operated working interest in the project. The Brazeau River project is Daytona's main producing property.

Daytona is an oil and gas exploration/development company, focused on gas exploration in Alberta, Canada and the Gulf Coast region of the United States.

ON BEHALF OF THE BOARD OF DIRECTORS OF DAYTONA ENERGY CORPORATION

Jim Breimayer, President & CEO

Additional information is available at www.DaytonaEnergy.com.

Except for historical information contained in this release, the matters discussed are forward looking statements that involve risks and uncertainties. When used in this release, words such as "anticipate", "believe", "estimate", "expect", "probable" and "intend" and similar expressions, as they relate to the Company or its management, identify forward looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the impact of competitive products and pricing; capacity and supply constraints or difficulties; product development; commercialization or technological difficulties; the regulatory and trade environment. The Company undertakes no obligation to revise any forward-looking statements as a result of future events or developments.

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

Contact Information

  • Daytona Energy Corporation
    Rebecca Myers
    1-888-420-4788
    or
    Daytona Energy Corporation
    Jim Breimayer
    (903) 939-1380
    Website: www.DaytonaEnergy.com