Enterprise Oil Limited
TSX VENTURE : EON

Enterprise Oil Limited

January 18, 2006 09:00 ET

Enterprise Oil Announces First Quarter Sales Revenue

ST. ALBERT, ALBERTA--(CCNMatthews - Jan. 18, 2006) - Leonard D. Jaroszuk president/CEO Enterprise Oil Limited (TSX VENTURE:EON) is pleased to announce record first quarter sales revenue of $4,800,000.00 - These revenue figures exceeded estimated sales for the three month period ending December 31st 2005. Historically, sales of A.G. Grant Construction were typically in the $1.5 to $2.0 million range for the corresponding months. Management expects to report its interim first quarter statements by January 31st 2006.

Enterprise Oil Limited through its subsidiary A.G. Grant Construction has booked approximately 160 kilometers of pipeline construction for the company's second quarter. Typically the three month period from January 1st to March 31st is the busiest quarter for pipeline construction in the Slave Lake, Alberta region.

Enterprise Oil Limited is committed to growing its asset and revenue base through organic growth and a comprehensive acquisition strategy. Mr. Jaroszuk invites the investment community and all shareholders to visit the company's website at www.enterpriseoil.ca over the next week to view new features, most notably the jobsite photo gallery.



ON BEHALF OF THE BOARD

(Signed)
--------------------
Leonard D. Jaroszuk
President/CEO


Forward Looking Statements

This Company Press Release contains certain "forward-looking" statements and information relating to the Company that 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. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Contact Information

  • Enterprise Oil Limited
    Leonard D. Jaroszuk
    President/CEO
    (780) 418-4400 or Toll Free: 888-303-3361
    (780) 418-1941 (FAX)
    Email: contact@EnterpriseOil.ca
    Website: www.EnterpriseOil.ca
    or
    Enterprise Oil Limited
    #2, 64 Riel Drive
    St. Albert, AB. T8N 5B3