SOURCE: High Plains Gas

January 25, 2011 08:30 ET

High Plains Gas Provides Update on Kingsbury & Barker 8 Field Renovations

GILLETTE, WY--(Marketwire - January 25, 2011) - High Plains Gas, Inc. (OTCBB: HPGS) (or "HPG" or "the Company"), a Gillette, Wyoming based energy company actively engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin, today announced a progress report for their Kingsbury field and Baker 8 field renovation plans.

  • Kingsbury Field -- HPG completed the rework on 33 newly acquired idle wells. It is expected that the company will be selling gas out of these wells by February 1, 2011.
  • Barker 8 Field -- HPS completed the rework on well 11-85174 CY. With the rework, they increased production from 80 Mcf to 150 Mcf as of January 19, 2011.

Greg Greenough, VP of Operations, commented, "Our revitalization of these newly acquired wells in Kingsbury and Barker 8 fields continues along successfully. HPG was able to transform an additional 34 previously idle wells into producing wells in just over two months and with much less cost than drilling a new well, quite an accomplishment. With our large inventory of idle wells, we look forward to updating our partners and investors as we continue to increase our production capacity by bringing more wells online and increasing the capacity of our already producing wells."

ABOUT HIGH PLAINS GAS

High Plains Gas, Inc. is a Gillette, Wyoming based energy company actively engaged in the acquisition, development and production of natural gas primarily in the Powder River Basin. Through its wholly-owned subsidiary CEP -- M Purchase LLC, the Company owns the former Marathon "North & South Fairway" assets. These assets consist of 1,614 Coal Bed Methane Wells with associated flow lines and over 155, 000 net acres. This combined with the company's existing 92 natural gas wells gives the company a strong foundation in the natural gas industry. High Plains Gas will pursue expansion opportunities for the profitable production and transmission of natural gas. High Plains Gas believes it has unique expertise and experience in the refurbishment and reactivation of wells that produce natural gas from coal bed methane formations that helps position it strategically in the Powder River Basin.

SAFE HARBOR STATEMENT

Statements made about our future expectations are forward-looking statements and subject to risks and uncertainties as described in our most recent filings made with the US Securities and Exchange Commission, and are subject to change at any time. Our actual results could differ materially from these forward-looking statements. We undertake no obligation to update publicly any forward-looking statement.

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