Winslow Resources Inc.
TSX VENTURE : WLR

Winslow Resources Inc.

August 22, 2005 11:22 ET

Winslow Resources Inc.: Comments Pertaining to the August 19 News Release

CALGARY, ALBERTA--(CCNMatthews - Aug. 22, 2005) - Winslow Resources Inc. (TSX VENTURE:WLR) has been requested by the TSX Venture Exchange to clarify numbers provided in the news release of August 19, 2005 The Company would like to clarify the horizontal well production capabilities and oil in place estimates stated in the August 19 press release are based on publicly available information provided by Mission Oil and Gas Inc at the May, 2005 CAPP Conference in Calgary and from production numbers based on Mission's offsetting Bakken horizontal producing well (Starpoint Viewfield HZ 3B13-16-3A9-16-7-8 W2M) which began producing in December, 2004, at 171 barrels per day and has produced over 10,000 barrels to date. The oil in place numbers are based on regional resource assessments and competitor disclosures and not officially compiled by a qualified reserve evaluator; therefore the numbers should be viewed as general resource potential estimates and not specific reserve estimates for Winslow lands.

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
    Vice-President, New Ventures
    (403) 355-1175