PetroWorth Resources Inc.

PetroWorth Resources Inc.

March 24, 2008 13:41 ET

PetroWorth Resources: Interim Report on Perf & Testing Operation in New Brunswick

CALGARY, ALBERTA--(Marketwire - March 24, 2008) - PetroWorth Resources Inc. (CNQ:PTWR) (FRANKFURT:T3F) provides the following interim report on the perforation and testing operation being conducted on the West Stoney Creek E-08 (Feenan# 2) well in New Brunswick.

Thus far, the results of the operation are encouraging to PetroWorth, in line with all expectations, and consistent with the gas flows encountered during drilling in December 2007.

Reservoir Sands #5 (995 metres) and #3 (916 metres) have been perforated, encountering gas in each zone. The pressure build-up from Sand #3 is continuing and will be built up to stability. Once stability is reached, Sand #1 will be perforated and tested in a similar manner.

Final results from perforation tests are expected to be available for release within two to four weeks.

PetroWorth Resources Inc. is a junior oil and gas exploration company with extensive onshore properties in Eastern Canada. The Company has acquired 100% working interests in almost one million acres in nine separate exploration permits on Prince Edward Island, Nova Scotia and New Brunswick. The strategy of the company is to conduct aggressive exploration programs on these permits, both internally generated and through advantageous farm-in arrangements.


Certain statements contained herein constitute forward-looking statements. The use of any of the words "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "believe", and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Corporation believes the expectations reflected in those forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this report should not be unduly relied upon. The Corporation does not undertake any obligation to publicly update or revise any forward-looking statements. The Corporation has adopted the standard of 6 Mcf:1 BOE when converting natural gas to BOE. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 BOE is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Contact Information