Javelin Energy Inc.

Javelin Energy Inc.

December 20, 2006 23:11 ET

Javelin Energy Inc.: Announces Update on its Winter Drilling Program-Second Well Drilling and Commencement of Completion Operations on First Well

CALGARY, ALBERTA--(CCNMatthews - Dec. 20, 2006) - JAVELIN ENERGY INC. ("Javelin" or the "Corporation") (TSX VENTURE:JAV) is pleased to announce that the Corporation has successfully drilled and cased a second well on its Clear Prairie property located at 10-14-91-12 W6M. The 10-14 well was drilled to a total depth of 1,337 metres and encountered five zones with well log indicated hydrocarbons.

The Corporation has also commenced completion operations on its previously announced Clear Prairie well located at 102/15-11-91-12 W6M. The 102/15-11 well encountered six zones with well log indicated hydrocarbons.

Javelin will be suspending operations in Clear Prairie from December 21st to December 27th for the Christmas holidays.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Javelin Energy Inc.
    Peter Aubrecht
    Chief Executive Officer and President
    (403) 290-0193
    (403) 290-0194 (FAX)
    Javelin Energy Inc.
    Tom Johnson
    Chief Financial Officer
    (403) 560-3262
    (403) 290-0194 (FAX)