Tyner Resources Ltd.

Tyner Resources Ltd.

September 20, 2005 12:48 ET

Tyner Sets Production Casing; Stephens #1 Well Drilled to 9,500 Feet

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 20, 2005) - Tyner Resources Ltd. (TSX VENTURE:TIP) announces that the Stephens #1 well, located in Motley County, Texas, and operated by its wholly owned subsidiary, Tyner Texas Operating Company ("Tyner Texas"), has achieved a total vertical depth of 9,500 feet. This well is approximately one mile east of the Echols 2 #1 well, which was recently completed by Vintage Petroleum Inc. Tyner has a 93.75% working interest in the Stephens #1 well.

The well penetrated the entire lower bend shale and the Granite Wash (Atoka) sands with total depth (TD) being 70 feet below the Granite Wash in the Mississippi Lime. Based on a review of the well logs, Tyner Texas has set 5.5 inch production casing through the Granite Wash. J. Robby Robson, President and CEO of Tyner Texas, reports that log analysis confirms penetration of approximately 1,000 feet of Lower Bend shale containing gas and 24 net feet of potentially hydrocarbon bearing Granite Wash sands. Schlumberger Limited, a leading oil field services company is providing assistance to Tyner Texas in the interpretation of the well logs. It is the intention of Tyner, upon procurement of a completion rig, to initially perforate and complete the Granite Wash and subsequently to frac both the Granite Wash and targeted portions of the Lower Bend shale. Sidewall cores and drill cutting samples have been sent for independent analysis, the results of which are expected in three to four weeks. The completion program will begin shortly thereafter.

Tyner has advised Bankers Petroleum (US) Inc. ("Bankers") that it is exercising its option to acquire an additional 6,400 acres in the project area, for a total of 12,800 acres. As consideration, and upon TSX Venture Exchange acceptance, Tyner will issue to Bankers 250,000 shares in its capital stock, in addition to repayment of the cash costs incurred by Bankers for the additional acreage.


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.

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

Contact Information

  • Tyner Resources Ltd.
    Paul Larkin
    (604) 687-7767
    (604) 688-9895 (FAX)