Winslow Resources Inc.

Winslow Resources Inc.

May 16, 2005 12:41 ET

Winslow Commences Drilling Program in Saskatchewan

CALGARY, ALBERTA--(CCNMatthews - May 16, 2005) - Winslow Resources is pleased to announce a 12-well drilling program has commenced on the Company's 28,000 acre shallow gas project in southwest Saskatchewan. Winslow has agreed to drill 12 wells to test the Milk River formation to earn a 100% interest in 18 sections and a 75% net interest in 6 sections of land. The Company then has the option, after completion of the first drilling phase, to drill an additional 12 wells to earn the balance of the farmin lands at a maximum of 100% interest on 9 sections and a 75% net interest on 11 sections, as well as earn 12 existing shut-in Milk River gas wells on the properties.

The Winslow-operated initial 12-well drilling program is expected to be completed by early June. The drilling program has been strategically located to hold any expiring lands and to adequately evaluate the Milk River potential of these lands in close proximity to infrastructure. Pending encouraging results upon completion of the first drilling phase, the Company will continue into the second drilling phase during the third quarter.

The Company is optimistic about the potential to explore for and develop widespread, multi-zone, shallow Milk River formation gas in west-central Saskatchewan. The Company's contiguous 44 section land base is located near Leader, Saskatchewan in an area of prolific shallow gas drilling activity, eight kilometers west of the productive Abbey/Shackleton Milk River gas pools and 16 kilometers north of the giant Hatton Milk River gas pool. A pipeline is favorably situated across the southern end of the acreage block and would provide a starting point for future expansion.

Winslow currently has 36,043,899 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