High Point Resources Inc.
TSX : HPR

High Point Resources Inc.

May 26, 2005 16:47 ET

High Point Resources Operations Update

CALGARY, ALBERTA--(CCNMatthews - May 26, 2005) - High Point Resources Inc. (TSX:HPR) is pleased to announce that the Ricinus 11-17-35-8 W5M has been cased for production from the Leduc formation. Excellent reservoir and gas was encountered at a depth of 4,182 metres. The well is being secured and the drilling rig will be moved off in the next week. The well is expected to be completed within two weeks and testing will commence shortly thereafter. The pipeline has been surveyed and production from the well could commence in August 2005.

High Point was successful at a recent land sale in adding to its extensive land position in Ricinus. Three sections of land were purchased at a 55% working interest and are contiguous with our existing land block. Seismic has identified five Cardium locations as well as a Leduc structure on the new lands. High Point has varying interests in 57 sections in the area at an average working interest of more than 60 percent.

The summer drilling program should commence in approximately two weeks. Ten locations have or are being surveyed at Ricinus and five locations are currently surveyed at Ferrier. Site construction has commenced on the first Ferrier location. High Point plans to drill 10 to 15 development wells in the Ricinus/Ferrier area prior to yearend.

High Point was also successful in negotiating a farm-out of its Ferrier Banff/Shunda exploration prospect. The first of two potential locations is scheduled for early July, 2005. High Point will maintain a 50% working interest in the 3,200 metre wells.

High Point's current productive capacity is approximately 3,800 boepd with two wells awaiting tie-in. The expansion of the third party pipelines and facilities at Tooga/Peggo has caused some disruptions to production from Desan in May The system should be up to full capacity within the next week.

This news release may contain forward-looking information. Actual results may differ materially from those contemplated. The risks, uncertainties and other factors that could influence actual results are described in documents filed with regulatory authorities.

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