Trident Resources Corp.

Trident Resources Corp.

October 27, 2006 13:47 ET

Trident Resources Corp. Provides Company Update

CALGARY, ALBERTA--(CCNMatthews - Oct. 27, 2006) - Trident Resources Corp. ("TRC") and its wholly-owned subsidiary, Trident Exploration Corp. ("TEC") are pleased to announce that, effective immediately, Murray Rodgers has been promoted to Chief Executive Officer to go along with his existing title of President of TEC and has accepted a position on the Board of Directors of TRC. This new role puts Mr. Rodgers in charge of all our Canadian operations. Jon Baker will remain the CEO and a Board Member of TRC.

Separately, Trident would like to announce that we closed a US $50 million increase under our second lien credit facility.

Trident is currently producing in excess of 95 MMcf per day of natural gas, with approximately 35% of production coming from the Mannville Formation, about 45% from the Horseshoe Canyon Formation, and 20% from other reservoir types, including conventional gas wells.

Trident is a natural gas exploration and development company, principally focused on natural gas from coal, also known as coal-bed methane, from resource plays in the Western Canadian Sedimentary Basin. Our principal properties are located in Alberta, Canada. We also explore for other unconventional natural gas resources plays, including tight gas and shale gas.

Contact Information

  • Trident Resources Corp.
    Paul O'Donoghue
    Corporate Secretary and Treasurer
    (403) 770-2686
    Trident Exploration Corp.
    Brad Robertson
    Manager Investor Relations
    (403) 770-3153