Exceed Energy Inc.

Exceed Energy Inc.

September 24, 2007 12:33 ET

Exceed Energy Inc.: Hussar Production Commences

CALGARY, ALBERTA--(Marketwire - Sept. 24, 2007) - Exceed Energy Inc. ("Exceed" or the "Company") (TSX VENTURE:EX.A)(TSX VENTURE:EX.B) is pleased to announce that it has commenced production at its 10-25-24-20W4 Belly River and Medicine Hat commingled gas well (35% working interest). The well has averaged 276 mcf/d for the first two weeks of September; however production is being curtailed due to booster compressor limitations.

In addition, Ms. Melinda Lee of Halifax, Nova Scotia, has resigned from the board as of September 17, 2007 in order to put more energy into numerous other projects that she is committed to. The Board thanks her for her contribution to the Company over the past year and wishes her well for the future.

Forward Looking Statements

This press release may contain forward-looking statements including expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g. operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projects relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors that could affect Exceed's operations or financial results are included in Exceed's reports on file with Canadian securities regulatory authorities that may be accessed at www.sedar.com.

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

Contact Information

  • Exceed Energy Inc.
    Richard Wolfli
    President and CEO
    (403) 508-1852
    (403) 508-1781 (FAX)