Daytona Energy Corporation
TSX VENTURE : DTE

Daytona Energy Corporation

March 05, 2008 12:16 ET

Daytona Energy Corporation: Brazeau #10-5 Infill Well- Preliminary Flow Test Results

CALGARY, ALBERTA--(Marketwire - March 5, 2008) - Daytona Energy Corporation (TSX VENTURE:DTE) announces preliminary test results from the Brazeau River 10-5-48-14 W5M infill well in the Rock Creek formation. After the well was fracture stimulated, it tested at a rate of 5.3 MMcf per day and 288 BC per day on 28/64 inch choke with 1560 PSI FTP. This is the first significant production from this horizon in the Brazeau River field area. The zone is currently shut-in pending perforating and fracture stimulation of the primary objective, the Gething formation, which is ongoing.

The Brazeau #10-5 well will be produced as a dual completion in the Gething and Rock Creek intervals after the adjacent Brazeau #11-32 well is completed. Both wells will flow into a recently completed pipeline, processing facility and compressor station.

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
    Jacqueline M. Tucker
    1-888-420-4788
    or
    Daytona Energy Corporation
    Jim Breimayer
    (903) 939-1380
    Website: www.DaytonaEnergy.com