LongBow Energy Corp.

LongBow Energy Corp.

March 21, 2007 15:49 ET

LongBow Energy Corp. Announces New Gas Well Completion Results

CALGARY, ALBERTA--(CCNMatthews - March 21, 2007) - LongBow Energy Corp. (TSX VENTURE:LBV) ("LongBow") is pleased to announce that the company has completed and tested a new Mannville depth gas well in the Leduc area, which was the subject of a previous announcement on February 28, 2007. The well was tested at a stable flow rate of 25 E3M3/d (890 MCFD) (148 Boe per day) with flowing tubing pressure of 6900 KPa. The well is currently shut in for buildup evaluation and the company is developing tie-in and production plans. LongBow has farmed into the lands and will earn 81% working interest before payout and 45% working interest after payout upon completion and tie-in of the well.

LongBow is a junior oil and natural gas company based in Calgary, Alberta with core natural gas & oil properties located in Alberta, Saskatchewan and British Columbia.

Investors are cautioned that this news release contains forward-looking information. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements. The term barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of six thousand cubic feet per barrel (6mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. All boe conversions herein are derived from converting gas to oil in the ratio mix of six thousand cubic feet of gas to one barrel of oil.

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

Contact Information

  • LongBow Energy Corp.
    Sean Kehoe
    (403) 233-6073
    (403) 269-2686 (FAX)