Powder River Basin Gas Corp.

Powder River Basin Gas Corp.

March 22, 2005 07:01 ET

Powder River Basin Gas Corp. Announces Purchase of Development Project in Franklin Parish, Louisiana-Expected to be in Full Production in Record 45 Days


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: POWDER RIVER BASIN GAS CORP.

OTC Bulletin Board SYMBOL: PRVB

MARCH 22, 2005 - 07:01 ET

Powder River Basin Gas Corp. Announces Purchase of
Development Project in Franklin Parish,
Louisiana-Expected to be in Full Production in Record
45 Days

CALGARY, ALBERTA--(CCNMatthews - March 22, 2005) - Powder River Basin
Gas Corp. (OTCBB:PRVB)

-Acquisitions Lead the Way to Revenue-

Powder River Basin Gas Corp., a revenue generating producer and acquirer
of crude oil and natural gas, today announced the Company has purchased
a development project in Franklin Parish Louisiana. The property
contains 160 acres and has three wells completed at approximately 3,400
feet. The project consists of two production wells and one disposal well.

To maximize production the wells will be re-worked and treated to
maximize production.

Re-work will start immediately with the installation of electricity to
replace the inefficient gas engines previously used to power the pumping
units. Downhole work will commence at the same time.

With proper operation of the wells, they are capable of producing over
20 BOPD per well.

Due to its close proximity to Powder River's previously announced
Springhill project, the Franklin Parish project can be managed by the
same field supervisor.

The wells are expected to be in the full production within 45 days.

At the sellers request the purchase price can not be disclosed however
this was a cash acquisition.

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

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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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Powder River Basin Gas Corp.
    Patrice Nazareno
    Investor Relations
    Toll Free: 1-866-515-7708
    www.powderrivergascorp.com
    or
    DeMonte Associates
    Cynthia DeMonte
    Public Relations
    (212)605-0525