Huntington Exploration Inc.
TSX VENTURE : HEI

Huntington Exploration Inc.

July 12, 2005 12:20 ET

Huntington Exploration Inc. Reviews Drilling Status

CALGARY, ALBERTA--(CCNMatthews - July 12, 2005) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Huntington Exploration Inc. (TSX VENTURE:HEI) ("Huntington") is pleased to report the status of its drilling program in the Pine Creek. Huntington participated with a 25% working interest (reduced to 16.667% after payout of all costs) in the oil and gas discovery in the Pine Creek area northwest of Edmonton located at GP 6-32-56-20-W5M. Huntington has been advised by the operator that the work is well advanced to tie in the well and production is expected to commence in the third quarter.

Huntington also has 16.667% working interest (reduced to 10% after payout of all costs) in the GP 14-21-56-20-W5M well that is currently being drilled. In addition, Huntington has committed to participate with a 16.667% working interest in a further well and drilling on such well is expected to commence in the area during the next sixty days. Subject to drilling results, there are plans to drill additional wells on the prospect later this summer.

Capital funding for this program has been provided through a non-brokered private placement which closed on June 10, 2005.

Huntington is an exploration-focused company actively pursuing opportunities in the petroleum and natural gas business in the Western Canadian sedimentary basin.

Huntington Exploration Inc. is listed on the TSX Venture Exchange under the symbol "HEI".

This press release may include forward-looking statements including opinions, assumptions, estimates and expectations of future production, cash flow and earnings. When used in this document, the words "anticipate", "believe", "estimate", "expect", "intend", "may" "project", "plan", "will", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, the volatility of oil and gas prices, the ability to implement corporate strategies, the state of domestic capital markets, the ability to obtain financing, changes in oil and gas acquisition and drilling programs, operating risks, production rates, reserve estimates, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by the Company with securities regulatory authorities.

This news release shall not constitute an offer to sell or the solicitation of any offer to buy the securities in any jurisdiction. The common shares offered will not be and have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirement.

The TSX Venture Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • Huntington Exploration Inc.
    C. Alan Smith
    C.E.O.
    (403) 237-7766
    (403) 237-6027 (FAX)
    or
    Huntington Exploration Inc.
    Andrew S. Burgess
    Vice President
    (403) 237-7766
    (403) 237-6027 (FAX)
    or
    Huntington Exploration Inc.
    2450, 255 - 5 Avenue S.W.
    Calgary, Alberta, T2P 3G6