Powder River Basin Gas Corp.
OTC Bulletin Board : PRVB

Powder River Basin Gas Corp.

October 12, 2006 07:00 ET

Powder River Drills First Well in Brookshire Salt Dome

CALGARY, ALBERTA--(CCNMatthews - Oct. 12, 2006) - 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 drilling of the first well in the Brookshire Salt Dome project - the Minns Josh #1.

The well hit four pay zones, each of which held over 1000 psi average.

Completion of the well to production will take approximately three weeks. Production equipment, flow lines, and other service equipment will be put in place prior to perforating and production completion of the well.

This well is directly offsetting the Kuraiti lease, a neighboring property, which had initial production of 800 BOPD and was choked back to 200 BOPD for production purposes.

"We are very excited to bring on the first well in the Brookshire project as initial indications from the well logs show we will reach our projected expectations from the first well. As soon as this well is in full production, we plan to drill an additional two wells and bring them to full production before laying out our full program. This allows us the opportunity to monitor the production, while we research the extent of the additional equipment required," 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 products.

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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