Westchester Resources Inc.

Westchester Resources Inc.

March 11, 2005 10:57 ET

Westchester Resources Inc.: Aspen and Westchester Provide Operation Updates


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: WESTCHESTER RESOURCES INC.

TSX VENTURE SYMBOL: WSR

MARCH 11, 2005 - 10:57 ET

Westchester Resources Inc.: Aspen and Westchester
Provide Operation Updates

TORONTO, ONTARIO--(CCNMatthews - March 11, 2005) - Westchester Resources
Inc. (TSX VENTURE:WSR) (Westchester) today announced that it has been
informed by its operator, Aspen Group Resources Corporation (TSX:ASR)
(Aspen), that testing on the Froelich 1-27 well in North Dakota has been
delayed due to adverse weather conditions in the area. Work was
suspended at the site on Thursday, March 10, 2005 due to high winds,
which made rig operations too hazardous. Operations have resumed as of
today and results from the well will be released when completed. The
Froelich 1-27 is the first in a multi-well package in North Dakota
undertaken by the 50/50 joint venture (the "Joint Venture") between
Aspen and Westchester.

Saskatchewan

The Joint Venture also announced that it is proceeding with fracture
stimulation and testing of five intervals in the 7-33-2-22W2M well in
Saskatchewan. On January 19, the Joint Venture initiated a study after
drilling two test wells on the eastern and western edge of the
52,533-acre Southern Saskatchewan property. The Joint Venture initiated
the study to determine how best to exploit this type of formation.
Results from the scheduled fracture stimulation and testing of the
7-33-2-22W2M well, which is the well drilled on the western edge of the
property, will be incorporated into the study.

Westchester Resources Inc. shares trade on the TSX Venture Exchange
under the symbol "WSR".

Portions of this document include "forward-looking statements", which
may be understood as any statement other than a statement of historical
fact. These statements are based on managements' current expectations
and are subject to uncertainty and changes in circumstances.
Forward-looking statements may include, but are not limited to,
statements concerning estimates of recoverable hydrocarbons, expected
hydrocarbon prices, expected costs, statements relating to the continued
advancement of the Joint Venture's projects and other statements which
are not historical facts. When used in this document, and in other
published information of Westchester and Aspen, the words such as
"could," "estimate," "expect," "intend," "may," "potential," "should,"
and similar expressions are indicative of a forward-looking statement.
Although Westchester and Aspen believe that their expectations reflected
in the forward-looking statements are reasonable, the potential results
suggested by such statements involve risk and uncertainties and no
assurance can be given that actual results will be consistent with these
forward-looking statements. Forward-looking statements contained in this
document are made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995 and other applicable securities
laws. Certain factors that can affect Westchester's and Aspen's ability
to achieve projected results are described in Aspen's Annual Report and
Form 20-F, and other reports filed by both companies with the applicable
Canadian securities regulatory authorities and by Aspen with the US
Securities and Exchange Commission. Factors that can affect the ability
of Aspen and Westchester to achieve projected results include, among
others, production variances from expectations, uncertainties about
estimates of reserves, volatility of oil and gas prices, the need to
develop and replace reserves, the substantial capital expenditures
required to fund operations, environmental risks, drilling and operating
risks, risks related to exploratory and developmental drilling,
competition, government regulation, the ability of Aspen and Westchester
to implement its business strategy, the potential that projects will
experience technical and mechanical problems, geological conditions in
the reservoir which may negatively impact levels of oil and gas
production and changes in product prices and other risks not anticipated
by the Joint Venture or disclosed in published material of Westchester
or Aspen. Since forward-looking statements address future events and
conditions, by their very nature, they involve inherent risks and
uncertainties.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Aspen Group Resources Corporation
    Kevin O'Connor
    (877) 775-8734
    koconnor@aspengroupresources.com
    www.aspengroupresources.com
    or
    Westchester Resources Inc.
    Pat DiCapo
    (877) 775-8734
    The TSX VENTURE EXCHANGE does not accept the responsibility for the
    adequacy or the accuracy of this release.