Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

May 08, 2007 07:00 ET

Powder River Completes Fourteenth Frio Well in Goliad County; Completes 14 Well Program with 100% Success Rate

CALGARY, ALBERTA--(CCNMatthews - May 8, 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 14th well of the 14 well Frio program scheduled for the Weesatche project in Goliad County, Texas.

The Stumfoll #2 had an open flow test of 2400 MCF per day and flowed 325 MCF per day on a 7/64th choke at 860 PSI flowing tubing pressure. The well will be produced at 310 MCF per day and will be monitored for increase over the next several weeks.

This well encountered seven pay sands in the Frio series, totalling 112 feet of pay sands. The deepest zone at 3827 feet is being produced from a nine foot section.

"We are extremely pleased we have completed the 14 well program with a 100% success rate. This again proves the value of The Company's state of the art research and technology used on the Weesatche project. It has also been a great satisfaction to us to have the field designated as the Powder River Consolidated Field. I am personally thrilled with our continued success, and I am excited for Powder River to move forward with further development of our other existing properties," 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.

Contact Information