SOURCE: Irwin Energy, Inc.

May 17, 2005 09:00 ET

Irwin Energy Moves to Revenue With West Lock Well Tie-In

West Lock Flow Rates Soon to Be Confirmed

VANCOUVER, BC -- (MARKET WIRE) -- May 17, 2005 -- Irwin Energy, Inc. (OTC: IWNN) is pleased to announce that the tie-in of their West Lock project (1-5-60-25W4M) is complete. The operators advised Irwin Energy that West Lock well pressures are strong and will be ramped up slowly over the next several days. Flow rates will be determined after a series of tests by the operator over the next few weeks. Flow rates will be established based on normal month end production reports. Establishing flow rates as such is procedural and is usually established in the first 10 days or so in the following month.

John Gaetz, President of Irwin Energy, stated that, "These developments confirm that we are about to begin generating revenue. Once we are able to obtain exact readings on our flow rates, we will be able to better confirm the level of our revenue."

Irwin Energy seeks out low-risk opportunities to develop positive cash flow from proven and probable oil and gas plays. With the participation of Energy 51 as operators, Irwin Energy's projects boast a tier one team of oil veterans who have a combined 100 years+ experience with over 1,000 wells drilled and a drill success ratio over 72%. As operators, these veterans have a vested interest in the Company's projects. Visit our web site at www.irwinenergy.com.

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

  • Contact:
    Aaron Buchholz
    604-687-8845