International Sovereign Energy Corp.

International Sovereign Energy Corp.

November 28, 2007 14:53 ET

International Sovereign Energy Corp.: Domestic Drilling Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 28, 2007) - International Sovereign Energy Corp. (TSX:ISR) (the "Company") is pleased to report that the drilling of the Medicine River 2-25 twin, in which the Company holds an 85% W.I., is approaching the closing stages of the operation significantly ahead of schedule. The well has been logged and all five prospective zones are present (Basal Quartz, Glauconite, Colony, Belly River and Edmonton Sands). The well was drilled to total depth (2,140 m) four days ahead of schedule and is significantly under budget. The completion operation is scheduled to commence during the first week of December, 2007 to evaluate the zones with the intention of commingling production from the multiple zones to optimize cost and production efficiency. The well is expected to be on production before the end of December, 2007.

International Sovereign Energy Corp. is an oil and gas exploration development and production company with offices in Vancouver, British Columbia, Calgary, Alberta and Islamabad, Pakistan and is active in the exploration and development of hydrocarbon reserves in Western Canada and internationally.

Certain information provided in this press release contains forward-looking statements that by their nature are subject to numerous risks and uncertainties and readers are cautioned that actual results may vary considerably from those forecasted.

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

Contact Information

  • International Sovereign Energy Corp.
    Omair Choudhry
    Chief Financial Officer
    (604) 684-7372
    (604) 684-2407 (FAX)