International Sovereign Energy Corp.

International Sovereign Energy Corp.

March 23, 2006 13:02 ET

International Sovereign Energy Corp.: Drilling Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 23, 2006) - International Sovereign Energy Corp. (TSX:ISR) (the "Company") reports that the second drilling rig "Trinidad No. 6" commenced drilling on 21 March 2006 at Medicine River 5 - 30 - 38 - 2W5 where the Company holds a 64% working interest. The well is targeting both Edmonton and Belly River gas zones.

Drilling by Precision rig No. 814 is progressing at Grimshaw 10 - 17 - 84 - 22W5 in the Peace River area, Alberta where the Company holds a 75% working interest. The well is targeting a cretaceous sand gas zone. Upon completion the rig will move to Berwyn 2 - 11 - 84 - 1W5 also in the Peace River (a 100% working interest well) where the target is also a cretaceous gas zone.

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.

Shares Outstanding: 13,242,130

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.
    Dr. Waseem Rahman
    (604) 684-7372
    (604) 684-2407 (FAX)