Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

June 12, 2007 07:00 ET

Powder River Announces Completion of Drilling of First 16 Well Phase of Weesatche Project

CALGARY, ALBERTA--(Marketwire - June 12, 2007) - 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 drilling of the 16th well in the Weesatche Project in Goliad County, Texas. Flow test rates on the last well showed a test rate of 2100 mcf gas per day open hole flow.

The well showed eight pay zones and will be choked back to approximately 1/64th and initial production rate set at 300 mcf gas per day. Production will be monitored over the next several weeks, and may be increased providing there is no drop in pressure. It will take approximately three weeks to have the last three wells on the project put into production, and sales from the completed project should be reflected in August's revenue stream. The production will be monitored and regulated over the next few weeks, and an accurate and stable long term rate will be published at a later date.

"We are extremely pleased and humbled that we were 100% successful on the Weesatche Project, which again justifies the extra cost of using the most modern technology. We will continue to use the same posture as we commence development of our next project in the Powder River Consolidated Field in Goliad County, Texas," stated Powder River Basin Gas Corp. CEO Brian Fox.

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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