Vaquero Energy Ltd.

Vaquero Energy Ltd.

March 07, 2005 09:18 ET

Vaquero Announces Pembina Nisku Discovery


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: VAQUERO ENERGY LTD.

TSX SYMBOL: VAQ

MARCH 7, 2005 - 09:18 ET

Vaquero Announces Pembina Nisku Discovery

CALGARY, ALBERTA--(CCNMatthews - March 7, 2005) - Vaquero Energy Ltd.
(TSX:VAQ) is pleased to announce the recent discovery of a new Nisku
pool in the Pembina area of west central Alberta. Preliminary results
from the confidential well indicate a significant column of hydrocarbons
in the Nisku formation. The well was drilled based upon the Company's
interpretation of a 3D seismic program shot over the subject lands.
Completion and testing of the well is planned for later in 2005. Future
development of the pool will be determined upon evaluation of the test
results.

Vaquero Energy Ltd. is a Canadian company engaged in the exploration,
development and production of oil and natural gas. The company's team is
dedicated to the creation of shareholder value through the addition of
oil and natural gas reserves and production in West Central Alberta.

Forward Looking Statements

This press release may contain forward-looking statements including
expectations of future production, cash flow and earnings. These
statements are based on current expectations that involve a number of
risks and uncertainties, which could cause actual results to differ from
those anticipated. These risks include, but are not limited to: the
risks associated with the oil and gas industry (e.g. operational risks
in development, exploration and production; delays or changes in plans
with respect to exploration or development projects or capital
expenditures; the uncertainty of reserve estimates; the uncertainty of
estimates and projects relating to production, costs and expenses, and
health, safety and environmental risks), commodity price, price and
exchange rate fluctuation and uncertainties resulting from the potential
delays or changes in plans with respect to exploration or development
projects or capital expenditures. Additional information on these and
other factors that could affect Vaquero's operations or financial
results are included in Vaquero's reports on file with Canadian
securities regulatory authorities.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Vaquero Energy Ltd.
    Robb Waldner
    President and Chief Executive Officer
    (403) 537-2031
    Website: www.vaquero.ca