Nevarro Energy Ltd.
TSX VENTURE : NEL

Nevarro Energy Ltd.

October 13, 2005 18:40 ET

Nevarro Energy Ltd.: News Release

CALGARY, ALBERTA--(CCNMatthews - Oct. 13, 2005) -

Not for distribution to United States newswire services or for dissemination in the United States.

Nevarro (TSX VENTURE:NEL) ("Nevarro")is pleased to announce the commencement of a twenty two well fall/winter development drilling program. The wells are all located within it's Aberfeldy/Lashburn core areas of West Central Saskatchewan. Nevarro has approximately 50% average interest in the program.

This news release contains certain forward-looking statements, which are based on the Corporation's current internal expectations, estimates, projections, assumptions and beliefs. Some of the forward-looking statements may be identified by words such as 'expects', 'anticipates', 'believes', 'projects', 'plans' and similar expressions. These statements are not guarantees of future performance and involve a number of risks and uncertainties. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Corporation's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, changes in general economic, market and business conditions; changes or fluctuations in production levels, commodity prices, currency exchange rates, capital expenditures, reserves or reserves estimates and debt service requirements or changes to legislation, the Corporation's ability to comply with current and future environmental or other laws; the Corporation's success at acquisition, exploitation and development of reserves; actions by governmental or regulatory authorities including increasing taxes or other regulations; and the occurrence of unexpected events involved in the operation and development of oil and gas properties. The Corporation disclaims any responsibility to update these forward-looking statements.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Nevarro Energy Ltd.
    J.W. Grant Robertson
    Vice-President Business Development
    (403) 231-1230
    or
    Nevarro Energy Ltd.
    Rick Bennett
    President
    (403) 231-1235