Triton Energy Corp.
TSX VENTURE : TEZ

Triton Energy Corp.

June 05, 2008 14:01 ET

Triton Announces Commencement of Summer Drilling Program

CALGARY, ALBERTA--(Marketwire - June 5, 2008) - Triton Energy Corp. ("Triton" or the "Corporation") (TSX VENTURE:TEZ) is pleased to announce that its summer drilling program has commenced. The Corporation plans to drill six to eight 100% working interest ("WI") operated wells between now and the end of September.

Triton's summer drilling program includes three to four wells planned at Newton (100% WI) targeting natural gas in the Ellerslie, Sparky and Belly River formations; one to two wells at Sullivan Lake (100% WI) targeting oil in the Banff formation; and one to two wells at Sullivan Lake (100% WI) targeting natural gas in the Viking and Belly River formations. Proprietary seismic programs have been conducted in these areas to help delineate current drilling locations.

The first well in Triton's summer drilling program, located at Newton, has been drilled and cased as a Belly River well. It is an offset to a well successfully drilled by Triton in the first quarter of this year. Pipelining operations are currently underway to tie-in both of these (100% WI) operated wells, which are expected to add approximately 200 boe per day of initial net production to Triton.

For further information regarding Triton please see the Corporate Presentation at Triton's website, www.tritonenergy.ca.

Triton is a Calgary, Alberta based corporation engaged in the exploration, development and production of petroleum and natural gas. The Corporation's common shares are listed on the TSX Venture Exchange under the trading symbol "TEZ".

Forward-Looking Statements

This news release may include forward-looking statements including opinions, assumptions, estimates and management's assessment of future plans and operations, number and location of wells to be drilled, timing of drilling of wells and expected formations, timing of pipelining operations and initial net production rates from wells being tied-in. When used in this document, the words "anticipate," "believe," "estimate," "expect," "intent," "may," "project," "plan", "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Corporation believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, risks associated with oil and gas exploration, development, exploitation, production, marketing and transportation, the volatility of oil and gas prices, currency fluctuations, the ability to implement corporate strategies, the state of domestic capital markets, the ability to obtain financing, incorrect assessment of the value of acquisitions, failure to realize the anticipated benefits of acquisitions, changes in oil and gas acquisition and drilling programs, delays resulting from inability to obtain required regulatory approvals, delays resulting from inability to obtain drilling rigs and other services, delays in tie-in operations, results from testing, environmental risks, competition from other producers, imprecision of reserve estimates, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by Triton with securities regulatory authorities. 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. Except as required by applicable securities laws, the Corporation does not undertake any obligation to publicly update or revise any forward-looking statements.

Disclosure provided herein in respect of barrels of oil equivalent ("boe") may be misleading, particularly if used in isolation. A boe conversion ratio of 6 mcf of natural gas to 1 bbl of oil is based on an energy equivalency conversion method primarily 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 news release.

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