Trimox Energy Inc.
TSX VENTURE : TRM.A
TSX VENTURE : TRM.B

Trimox Energy Inc.

November 14, 2005 19:21 ET

Trimox Energy Inc.: Production and Operations Update

CALGARY, ALBERTA--(CCNMatthews - Nov. 14, 2005) - Trimox Energy Inc. (TSX VENTURE:TRM.A) (TSX VENTURE:TRM.B) ("Trimox" or the "Company") is pleased to present the following production and operations update.

Retlaw Area

Three (2.2 net) Trimox operated gas wells in the Retlaw area went on-stream in late October and early November, increasing the Company's gas production to approximately 1,500 Mcf/d (250 Boe/d). In addition, the Company recently drilled and cased a 100% working interest potential oil well in the area and anticipates completion activities will commence within the next week.

Worsley Area

A third Trimox operated (0.3 net) gas well in this area, which was drilled in September, was recently completed and tested at a stabilized rate of 1,550 Mcf per day at a flowing pressure of approximately 2280 psi with a 5.2% effective reservoir drawdown. Pipeline construction to tie-in this well, plus the two other wells drilled earlier this year is progressing on schedule. Trimox anticipates gross production volumes from the three wells to reach at least 7,000 Mcf/d (2,100 Mcf/d net / 350 Boe/d net) early in January 2006. The Company is currently drilling a 50% working interest well in the area and anticipates drilling one additional 30% working interest well prior to year-end.

Niton Area

Trimox has operated the drilling of three wells (1.5 net) in this area, two (1.1 net) of which were successful gas wells that have been completed and tested. One further well (0.5 net) is currently drilling and will be immediately followed by the drilling of an additional well (0.5 net). Plans are currently underway to tie-in all successful wells during the first quarter of 2006.

While encouraged with the impressive initial deliverability of the Company's Retlaw and Worsley wells, reasonable estimates of their decline rates and reserves potential will not be available until the wells have been produced for a period of time.

Trimox trades on the TSX Venture Exchange under the symbols "TRM.A" and "TRM.B".

This news release contains forward-looking statements which are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied. Such forward-looking statements necessarily involve risks associated with oil and gas exploration, property development, production, marketing, and transportation, such as dry holes and non-commercial wells, facility and pipeline damage, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers and the ability to access sufficient capital from internal and external sources. Readers are cautioned not to place undue reliance on forward-looking statements, as no assurances can be given as to future results, levels of activity or achievements.

Natural gas volumes have been converted to barrels of oil equivalent ("Boe") using six thousand cubic feet ("Mcf") equal to one barrel ("Bbl"). This conversion ratio is based on an energy equivalent conversion applicable at the burner tip and does not represent a value equivalency at the wellhead.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Trimox Energy Inc.
    Steve Dabner
    President & C.E.O.
    (403) 216-1721
    Email: steved@trimox.ca
    or
    Trimox Energy Inc.
    Thomas Love
    Chairman & C.F.O.
    (403) 216-1722
    Email: toml@trimox.ca