Vision 2000 Exploration Ltd.

Vision 2000 Exploration Ltd.

April 03, 2006 12:46 ET

Vision 2000 Announces Natural Gas Discovery on Stream

CALGARY, ALBERTA--(CCNMatthews - April 3, 2006) - Vision 2000 Exploration Ltd. (TSX VENTURE:VNN) ("Vision" or "the Company") announces that the Vision et al Knappen 10-33-1-11W4M natural gas discovery well drilled and cased in November 2005, in which the Company holds a 46% interest, has come on stream at an initial rate of 2 million cubic feet per day on a 3/8 inch choke at a flowing tubing pressure of 800 psig. The well produces into the Company operated Knappen gas facility that was expanded to include two compressors with 576 combined horsepower. Vision now operates six wells producing into the Knappen gas facility. Production of the new well will be closely monitored to maximize recovery from the pool.

At Kaybob, the Company has licensed the Vision et al 1-11-62-21W5 development location in which the Company holds a 37.5% interest. Vision has secured a drilling rig that is scheduled to spud the well after break-up.

Vision's capital budget for 2006 has been set at $5,000,000. The majority of expenditures are planned for the Kaybob and Knappen core areas in which Vision has strong land positions and working interests in pipelines and facilities.

Vision's shares trade on the TSX Venture Exchange under the symbol VNN. There are currently 8,082,244 shares issued and outstanding.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contact Information

  • Vision 2000 Exploration Ltd.
    David G. Conklin
    (403) 294-1177
    Vision 2000 Exploration Ltd.
    Suite 1205, 101 - 6th Avenue S.W.
    Calgary, Alberta T2P 3P4
    (403) 294-1177
    (403) 294-1274 (FAX)