Sierra Vista Energy Ltd.

Sierra Vista Energy Ltd.

October 25, 2005 09:57 ET

Sierra Vista Announces 2005 Drilling Program Status

CALGARY, ALBERTA--(CCNMatthews - Oct. 25, 2005) - Sierra Vista Energy Ltd. (TSX VENTURE:SVR.A) (TSX VENTURE:SVR.B) ("Sierra Vista" or the "Corporation") is pleased to announce that the 2005 drilling program is proceeding on schedule, as outlined in the final prospectus.

To date Sierra Vista, through its joint venture partners, has participated in the successful drilling and casing of the first 4 wells (1 exploration and 3 development) and is preparing to spud the 5th well.

The first well has been drilled and cased for the originally targeted sweet gas production zone. A second sweet gas bearing zone was also encountered uphole. The well is scheduled to be completed and production tested during early November.

The other three wells, which are part of a six well development program, were cased for their originally targeted sweet oil zone. The target zone in this area is primarily an oil producing horizon with large volumes of associated solution gas and natural gas liquids. These first three wells are scheduled to be completed and production tested during November. The fourth well in this six well program is preparing to spud. The Corporation is on track to have the entire program completed by year end 2005.

Sierra Vista is an Alberta-based company formed to participate in oil and gas exploration, development and acquisitions, focusing in the Peace River Arch and South Central region of Alberta. The Corporation's shares will begin trading today on the TSX Venture exchange under the symbols SVR.a and SVR.b.

Forward Looking Statements: This document contains statements about future events that are forward looking in nature and as a result are subject to certain risks and uncertainties such as changes in plans or the occurrence of unexpected events. Actual results may differ from the estimates provided by management.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this statement.

Contact Information

  • Sierra Vista Energy Ltd.
    Mr. Mark Malouin
    President & Chief Executive Officer
    (403) 265-9393 ext 201
    (403) 265-9224 (FAX)
    Suite 1750, 800-6th Avenue SW
    Calgary, Alberta T2P 3G3