International Sovereign Energy Corp.
TSX : ISR

International Sovereign Energy Corp.

June 11, 2008 17:53 ET

International Sovereign Energy Corp.: Production Increase

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 11, 2008) - International Sovereign Energy Corp. (the "Company") (TSX:ISR) reports that it is continuing its 2008 drilling program success with yet another gas well being tied in at present. The new Alberta gas well is expected to net the Company an additional 140 boe/d, which would push the Company's total production over the 1,050 boe/d mark. The Company is also participating in another development well, which is planned to spud later this month. It is anticipated the well will be drilled, completed, and brought online by mid Q3, 2008 and will add another 70-80 boe/d net to the Company.

Management's response to the Dissident Circular is filed on Sedar and can be viewed at: www.sedar.com. If there are any questions, please call the Company or the Laurel Hill Advisory Group toll free telephone line for shareholders questions: 1-877-304-0211.

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.

Forward-looking statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of these events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceeds, that the Company will derive there from. Additional information on the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com). All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.

Shares Outstanding: 13,928,084

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)
    Website: www.isove.com