Daytona Energy Corporation
TSX VENTURE : DTE

Daytona Energy Corporation

April 21, 2008 16:05 ET

Daytona Energy Corporation: Brazeau River- Production Approaching 10 MMcfe Per Day

CALGARY, ALBERTA--(Marketwire - April 21, 2008) - Daytona Energy Corporation (TSX VENTURE:DTE) announces the combined equivalent natural gas production from its Brazeau River Area is approaching 10 MMcfe per day. This estimate includes production from the two original wells drilled several years ago and the two new wells that were recently drilled, which have been producing since the beginning of April 2008. These new volumes will effectively triple the Company's net production.

Production is being gathered, processed and compressed through the Company's recently built pipeline, compressor and separators. According to Daytona's President, Jim Breimayer "this production increase comes at a time of record oil and gas prices and will provide Daytona with the cash flow to invest in other projects to increase shareholder's value".

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

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