Daytona Energy Corporation
TSX VENTURE : DTE

Daytona Energy Corporation

September 11, 2007 11:30 ET

Daytona Energy Corporation: Pandura Prospect-Drilling Update

CALGARY, ALBERTA--(Marketwire - Sept. 11, 2007) - Daytona Energy Corporation (TSX VENTURE:DTE) today announced an update on drilling of the Kathleen Marie #2 well at the Pandura Prospect in Webb Co., Texas.



Progress report on the Kathleen Marie #2 well as of 9:00 p.m. September 10,
2007

Current depth: 8,500 feet.

Operation: Preparing to plug and abandon after review of wireline logs.

Wireline logs confirmed presence of several thin (1-2 feet)
gas bearing sands within the Lobo primary and secondary
objectives. However, these thin sands do not appear to be
sufficient to support an economic well, when compared to
surrounding producing wells in the area.

Daytona as operator has recommended plugging and abandoning
the well.


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 & Chief Executive Officer

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

  • MarketSmart Communications Inc.
    1-877-261-4466
    or
    Daytona Energy Corporation
    Jim Breimayer
    (903) 939-1380
    Website: www.DaytonaEnergy.com