Tyner Resources Ltd.
TSX VENTURE : TIP

Tyner Resources Ltd.

November 08, 2005 09:10 ET

Tyner Resources Ltd.: Stephens #1 Well Flows Gas

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 8, 2005) - Tyner Resources Ltd. (TSX VENTURE:TIP) announces that the Stephens #1 well ("Stephens well"), located in Floyd County, Texas, and operated by its wholly owned subsidiary, Tyner Texas Operating Company ("Tyner Texas"), has been perforated. The perforations were carried out as planned on a staged basis, in the lower and upper Lower Penn Shale ("Penn Shale") encountered in the well. Tyner has a 93.75% working interest in the Stephens well.

Upon perforating 156 feet (48 feet net) of the upper Penn Shale, the well produced immediate gas to surface. Pressure bomb tests conducted at the perforations assessed a bottom hole pressure of 3,027 pounds per square inch.

Tyner Texas set a Packer to isolate the upper Penn Shale perforations in order to conduct a well test. The test indicated that the well produced gas at the following rates:

A.O.F. (Absolute Open Flow) 1.5" "choke"; 20 lbs F.T.P., 1,500 mcfpd with 37.5 BCPD. ("Barrels of Condensate per Day")

1" choke; 50 lbs F.T.P., 1,000 mcfpd with 25 BCPD.

25/64" choke; 100 lbs F.T.P., 400 mcfpd with 10 BCPD.

Without fracture stimulation ("frac") of any kind, these results are very encouraging for a new shale play. They further indicate the commercial potential of the Stephens well. After much analysis, Tyner Texas initiated consultation with an independent frac specialist to determine the need and potential effectiveness of an immediate frac of the well.

The decision to frac the well is now confirmed and Tyner Texas has commissioned Dowell Schlumberger to initiate the frac today. Tyner's primary reason to frac is to develop information on the full economic deliverability of gas from the shale. Based on the logs of the Stephens well, which indicate a higher hydrocarbon content in the upper Penn Shale, Tyner Texas has decided not to frac the lower Penn Shale at this time.

Upon frac completion, Tyner Texas intends to begin frac fluid flowback immediately and anticipates 20-25 days will be required to recover the frac fluid load. Well testing will begin, post frac, as soon as gas is produced at surface.

Based on Schlumberger's analysis of the logs from Tyner's second well, the Broseh #1, a completion rig is currently being scheduled and staking of a location for Tyner's third well has also been initiated.

ON BEHALF OF THE BOARD

Paul Larkin, President

Forward-Looking Statements: Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed and elsewhere in the company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The company does not assume the obligation to update any forward-looking statement.


Contact Information