Ryland Oil Corporation
TSX VENTURE : RYD

Ryland Oil Corporation

July 17, 2008 08:00 ET

Ryland Oil Resumes Drilling Operations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2008) - Ryland Oil Corporation (TSX VENTURE:RYD) announces that it has commenced the next phase of its drilling program on its southeast Saskatchewan properties with the spudding of a horizontal well which will test the Bakken formation. The well is part of a two rig, 13 well program which will include 5 horizontal wells to test the Bakken formation and 8 wells targeting multiple horizons in various locations on the Company's approximate 360,000 gross and net acres in southeast Saskatchewan and North Dakota. The Company expects to complete this phase of its drilling program by the end of March 2009.

RYLAND OIL CORPORATION

Gerald J. Shields, President

Issued and Outstanding: 161,929,906

The TSX Venture Exchange has not reviewed and does not accept any responsibility for the adequacy or accuracy of this news release, and no regulatory authority has approved or disapproved the information contained herein.

Contact Information

  • Ryland Oil Corporation
    Mr. Ken Tangen
    Investor Relations
    (604) 639-4474 or 1-877-811-4518
    Website: www.rylandoil.com