Daytona Energy Corporation

Daytona Energy Corporation

March 26, 2008 16:50 ET

Daytona Energy Corporation: Brazeau #11-32 Infill Well- Flows at High Pre-Frac Rates

CALGARY, ALBERTA--(Marketwire - March 26, 2008) - Daytona Energy Corporation (TSX VENTURE:DTE) announces preliminary test results from the Brazeau River 11-32-47-14W5 infill well in the Rock Creek formation. On a 12 hour test prior to fracture stimulation, the 11-32 well tested at a rate of 3.56 MMcf per day and 214 BC per day on 32/64 inch choke with 645 PSI FTP. This is the second significant production test from this horizon in Daytona's Brazeau River field area. Earlier this month, the Company owned Brazeau 10-5-48-14W5M well tested at a rate of 5.3 MMcf per day and 288 BC per day on 28/64 inch choke with 1560 PSI FTP after fracture stimulation.

The Brazeau #11-32 well will be produced as a dual completion in the Gething and Rock Creek intervals after the Rock Creek is fracture stimulated and the Gething is perforated and fracture stimulated. The 11-32 and the 10-5 wells will then flow to sales 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.



Jim Breimayer, President & CEO

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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.

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Contact Information

  • Daytona Energy Corporation
    Jacqueline M. Tucker
    Daytona Energy Corporation
    Jim Breimayer
    (903) 939-1380