Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

June 29, 2005 07:00 ET

Powder River Continues Forward Momentum; Completion of New Well Increases Production by Over 140 Barrels per Day

CALGARY, ALBERTA--(CCNMatthews - June 29, 2005) - Powder River Basin Gas Corp., (OTCBB:PRVB), a revenue generating producer and acquirer of crude oil and natural gas, today announced it has re-completed the "B-11 well" in Acadia Parish, Louisiana.

The well has been treated and eased into production over 5 days before being set to run full time.

The B-11 well is now in full operation and in 24 hours produced 141 barrels of oil and 200 mcf gas.

This well was produced full time from 1988 to 1991 and averaged approximately
160 BOPD. It has not been consistently in operation since early 1992.

The re-completion required extensive down hole repair including a cement job and re-drilling. The B-11 well is completed in the Ortego "B" Sand at approximately 8850 feet and is expected to decline over nine years.

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.

Contact Information

  • Powder River Basin Gas Corp.
    Stephanie Edgemon
    Investor Relations
    (602) 466-2422
    Powder River Basin Gas Corp.
    Patrice Nazareno
    Investor Relations
    Toll Free: 1-866-515-7708
    DeMonte Associates
    Cynthia DeMonte
    Public Relations
    (212) 605-0525