SOURCE: International Energy Exploration, Inc.

June 13, 2006 13:40 ET

Energy Exploration International Commences Drill Site Preparation

DALLAS, TX -- (MARKET WIRE) -- June 13, 2006 -- Energy Exploration International's operator for the Poteet Reef Prospect, PDG Energy Inc. (Texas), has commenced construction on the Sanchez-Lawson Joint Venture. Having already surveyed the sites to determine the specific well locations for the Sanchez #1, the Lawson #1 and the Lawson #2 wells, PDG Energy is now clearing the land, constructing roads and digging the drill pits at the specified locations. All three drill sites proposed under the Sanchez-Lawson Joint Venture are now filed on public record with the Atascosa County Texas Courthouse. As required by U.S. federal and state law, all relevant permits must be acquired before the commencement of drilling. In compliance with Texas' state regulations, all of EEI's drilling operations are to be regulated by the Railroad Commission of Texas (RRC). EEI is slated to commence drilling in August 2006. A drill depth of 3900 - 4240 feet has been scheduled to take 8-12 days per well.

According to Curtis Best, President of Energy Exploration International, Inc., "Upon successful drilling and completion of the first three wells, EEI plans to drill additional wells on the Poteet Reef Prospect." This is in compliance with the 40-acre spacing between wells as stipulated by the rules and regulations of the Railroad Commission of Texas. Each additional well will allow EEI to further develop its drilling and exploration program.

FORWARD-LOOKING STATEMENTS

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Energy Exploration International, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Contact Information


  • PR Contact:
    Curtis Best
    +1 (214) 570-0280