Winslow Resources Inc.
TSX VENTURE : WLR

Winslow Resources Inc.

August 19, 2005 09:00 ET

Winslow Commences Drilling First Bakken Horizontal Well at Viewfield

CALGARY, ALBERTA--(CCNMatthews - Aug. 19, 2005) - Winslow Resources Inc. (TSX VENTURE:WLR) is pleased to announce commencement of a three-leg horizontal well on the Company's Bakken oil project near Viewfield in southeast Saskatchewan. The well is expected to be drilled and completed by the end of August. Pending encouraging results upon completion of the first horizontal well, the Company will consider a subsequent multi-well drilling program during the fourth quarter. Winslow has a 50% non-operated interest in the first well.

Winslow is optimistic about the potential to explore for and develop the Company's high impact Bakken light oil prospects in southeast Saskatchewan. The Company's seven quarter-section land base is located in an area of prolific Bakken oil drilling activity. Successful Bakken oil producers including Mission Oil and Gas Inc. and Bison Resources Ltd. are active in the area and have proven the viability of the Bakken light oil resource play. The Bakken siltstones are capable of producing over 150 barrels/day of light sweet crude from horizontal wells. Oil in place estimates are over 4 million barrels per section with recovery factors of 4-8%.

Winslow currently has 36,310,699 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol "WLR".

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

Contact Information

  • Winslow Resources Inc.
    John Nelson
    Interim President
    Vice-President, New Ventures
    (403) 355-1175