PetroWorth Resources Inc.

PetroWorth Resources Inc.

December 12, 2007 12:17 ET

PetroWorth Updates Operations in Prince Edward Island and New Brunswick

CALGARY, ALBERTA--(Marketwire - Dec. 12, 2007) - PetroWorth Resources Inc. (CNQ:PTWR) (FRANKFURT:T3F) announced today that well stimulation (fraccing) and testing operations are scheduled to commence later this week at the New Harmony #1 well in Prince Edward Island. The first stage of the operation involves the fraccing of one zone (Sand 8, comprised of 27 metres of potential net gas pay), with a second zone planned to be fracced in early January 2008, schedule permitting. Initial test results are expected to be available by the end of January 2008. The completion work at New Harmony is being conducted by Corridor Resources Inc. as part of a farm-in on PetroWorth's PEI Exploration License 03-02.

PetroWorth also announced that it has retained the services of W.G. Shaw & Associates to compile geological and geophysical information on the area surrounding the natural gas discovery at the PetroWorth West Stoney Creek E-08 (Feenan #2) well in New Brunswick. This work will assist the company in determining the next steps required to delineate the extent and size of the discovery, which was announced on December 3, 2007.

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 drilling programs on these permitted properties, both in-house 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. For example, there is no assurance the proposed financing will close when contemplated, or at all. 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.

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