Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

August 04, 2006 07:00 ET

Powder River Announces 100% Successful Completion of First Phase of Weesatche Project

CALGARY, ALBERTA--(CCNMatthews - Aug. 4, 2006) - Powder River Basin Gas Corp. (OTCBB:PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has completed the Justen #1, Justen #2, and the Dohman #1 wells on the Weesatche project in Goliad County, Texas.

Based on the Texas Railroad Commission statewide allowable rules the wells are all producing at 500 mcf per day each for 2500 mcf per day. The production rate is expected to increase over the next few months.

This completes the first five well phase on the Weesatche project with a 100% success rate.

"We are extremely excited with the progress and success on this project, considering initial reports projected 300 mcf per day. This again proves the success of using 3D seismic on these shallow gas wells," stated Powder River Basin Gas Corp. CEO Brian Fox.

Powder River Basin Gas Corp. is scheduled to complete the 14 well program on this project by year end, as was previously announced.

Permits have been issued for the Justen #4 and the J.P. Green #2 and the Company is currently preparing these drilling sites.

A more detailed report will be published the week of August 8th, 2006.

Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.

Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.

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