Vinoble, Inc.
OTC Bulletin Board : VNBL

September 28, 2005 09:57 ET

Vinoble Provides Update on the Oil and Gas Prospect

MALIBU, CALIFORNIA--(CCNMatthews - Sept. 28, 2005) - Vinoble, Inc. (OTCBB:VNBL), a holding company seeking to identify long-term growth opportunities in the areas of homeland security, security information systems, and other security services is pleased to announce that pursuant to its news release dated September 9, 2005, the Company announced it entered into a Memorandum of Understanding to acquire a minority working interest in an Oil and Gas opportunity that is known as the Clovelly Prospect.

Located 35 miles southwest of New Orleans in the Lafourche Parish, the Clovelly Field is a late piercement salt dome that traps hydrocarbon from Late to Middle Miocene time. Since its discovery in 1950, the field has produced in excess of 30 MMBO and 200 GCFG. Reservoirs typically exhibit moderate water drives and benefit from water and/or gas injection. Stone has redeveloped the eastern flank of the field with additional drilling and water injection. Similar opportunities exist here at our proposed location.

The ORX Allain-Lebreton #2 will test an upthrown 3-way closure with multiple targets. Objectives range from the Cib Carst Sand at about 12,000' MD through the Lower Tex W (M Sand) at about 13,000' with possibilities of a deeper P Sand objective. The prospect is upthrown to a regional East-West trending fault system that traps production at Kings Ridge and Coffee Bay on both upthrown and downthrown sides of the fault.

Clovelly Field is trapped by a nearly vertical salt mass, which moved subsequent to Middle Miocene Tex W sand deposition. Very little gouge is seen surrounding the salt, and it is typical in the few deeper salt penetrations to see a normal sediment sequence abruptly terminated by salt. A number of shallow caprock/salt penetrations lie on the crest of the dome at depths of 1,100-1,200 feet. Four salt penetrations from 11,380' to 13,220' around the dome document extremely steep dips on the salt face.

Field production from the M Sand exceeds 25 MMBO and 120 BCFG. Extremely long hydrocarbon columns are seen around the dome broken into segments by radial faulting. It is notable that gas content of the fault segments increases from low GOR (less than 1,000-1) oil production with no gas cap in the south flank to oil with gas caps on the east and west flanks to gas/condensate reservoirs on the north flank with GOR exceeding 100,000-1. It is felt that as the salt mass moved upward activating radial faulting, oil migrated from the south and filtered through the faulting, producing the noted GOR gradient.

While the Company is currently seeking other opportunities to add value to its property holdings through acquisition, Vinoble views these additional assets will provide the Company and its shareholders a much-improved increase in shareholder value. The Clovelly prospect can serve as a valuable resource for Vinoble, both in asset value and in addition, it can serve as a testing and demonstration location for RFID and GPS applications and offer potential profitable returns.

RFID and GPS technologies will become valuable tools for the petrochemical industry and will offer protection of our country's natural resources and commodities against threat. Preservation of these materials is important to the safety of U.S. industry and economy.

The Company believes that offering such service and technology applications in the Oil and Gas industry will further position Vinoble in a rapidly expanding industry while taking advantage of access to the increasing capital and global spending that the Company will require for growth. The Company's goal is to also provide a much-needed service at a cost manageable to even the smallest of businesses that can't afford to do without the safety of its personnel and assets in this current state of constant threat.

Safe Harbor Statement: This press release contains forward-looking statements as defined in The Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "plan," "confident that," "believe," "scheduled," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties, and actual results may differ materially from those expressed in any forward-looking statement. Such risks and uncertainties include, but are not limited to, the ability of Vinoble to complete the proposed acquisition(s), the results of Vinoble's due diligence review of the candidate(s), the success of the business of the acquisition candidate(s), including the ability of Vinoble to continue to sell the applicable products and the acceptance of those newly designed products by the market, market conditions, the general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings. The closing of the transaction will be subject to complete due diligence, inspections, and completion of audited financial statements in accordance to GAAP as required by the SEC prior to consummation.

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