Marauder Resources East Coast Inc.
TSX VENTURE : MES

Marauder Resources East Coast Inc.

November 21, 2005 09:00 ET

Marauder Resources East Coast Inc.: News Release

CALGARY, ALBERTA--(CCNMatthews - Nov. 21, 2005) - Robert V. Shields, President of Marauder Resources East Coast Inc. (TSX VENTURE:MES), is pleased to announce that the Rowan Gorilla VI jack-up drilling rig has spudded the Encana/Marauder Dominion J-14 well at 20:00 hrs, Nov 18, 2005. Encana as operator of the well, located offshore Nova Scotia, anticipates the drilling program will take approximately 50 days to complete.

The well is expected to evaluate a prospect along trend with the Deep Panuke natural gas discovery where existing wells have production tested at rates in excess of 50 MMSCFD. In addition to the J-14 location, other leads have been identified on Exploration License No. 2357.

Subject to the terms of the farmout, Marauder will earn a 20 percent working interest in Exploration License No. 2357 after the drilling of the well has been completed, and will have net holdings in the license of 6,423 acres.

Marauder also owns a 50% working interest in the Balmoral Block that has a potential drilling location along trend with the Deep Panuke discovery called Wolfville N-32. The N-32 location is situated between J-14 and MarCoh D-41, a successful well with 100 m of gas bearing reservoir that was drilled during the summer of 2003.

A map of the Deep Panuke resource area can be viewed at : http://www.ccnmatthews.com/docs/922mes_map.jpg

The new release may contain forward-looking information. Actual future results may differ materially form those contemplated.

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

Contact Information

  • Marauder Resources East Coast Inc.
    Robert V. Shields
    (403) 262-3907
    Email: rvs@maraudernrg.ca
    Website: www. Maraudernrg.ca
    or
    Marauder Resources East Coast Inc.
    720, 440 - 2nd Avenue S.W.
    Calgary, Alberta T2P 5E9