SOURCE: Irwin Energy, Inc.

July 26, 2005 10:33 ET

Irwin Announces Receipt of Logs on Concho Dome Well

VANCOUVER, BC -- (MARKET WIRE) -- July 26, 2005 -- Irwin Energy, Inc. (OTC: IWNN) (the "Company") is pleased to announce the following update on its' NZOG 17-01 well currently being tested in Arizona.

The well was drilled to a total depth of 2,320 feet to the base of the Permian Supai. The Company is now in receipt of the Schlumberger open hole logs and the mud logs. The well is being tested at the primary interval of 1,965 to 1,974 feet in the Permian Supai. There are additional zones of interest between 1,447 and 2,241 feet that could be tested at a later date.

The well was completed with 4 1/2 inch steel casing and was cemented by Halliburton. Schlumberger also ran the cased hole logs and perforated the current interval being tested.

President John Gaetz states, "We are very encouraged with our results so far. The upcoming weeks represent an exciting stage of development (exploration) for Irwin Energy."

The Concho Dome Anticline is located along the upper edge of the Permian salt basin, and thus the subsurface reefs, beaches and sandbars may contain oil, natural gas and/or helium.

About Irwin Energy, Inc.

Irwin Energy, Inc., based in Vancouver, B.C., was founded for the purpose of engaging in the exploration for and acquisition, development and production of crude oil and natural gas, and for other related activities. In the oil and gas arena, Irwin Energy seeks out low-risk opportunities to develop positive cash flow from proven and probable oil and gas plays. Irwin Energy plans to grow exclusively through efficient reinvestment of its internally generated cash flow in exploration and production operations, and through limited external financing to build ancillary businesses.

Safe Harbour statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission.

Contact Information

  • Contacts:
    Kristyn Rose
    604-628-7799

    Andy Leitao
    604-628-2142