Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

January 02, 2007 07:00 ET

Powder River Completes Ninth Well in Weesatche Project

CALGARY, ALBERTA--(CCNMatthews - Jan. 2, 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 ninth well in the Weesatche project in Goliad County, Texas.

The Justen #5 tested 514 PSI and is currently set in production at 300 mcf per day. Pressure will be monitored over the next few weeks, and production may be increased.

The Company experienced weather delays on the project but expects to have the remainder of the first 14 well program completed during the first quarter of 2007.

"We are pleased that we can start 2007 by successfully completing the first well of the year with the continued record we enjoyed in 2006," 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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