Wyn Developments Inc.
TSX VENTURE : WL
PINK SHEETS : WYDPF
FRANKFURT : YXE

Wyn Developments Inc.

November 02, 2006 00:15 ET

Wyn Announces Testing and Completion Underway on the Prophet River 'd-60-E/94-G-15' Devonian Exploratory Well

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 2, 2006) - Wyn Developments Inc. (the "Company") (TSX VENTURE:WL)(PINK SHEETS:WYDPF)(FWB:YXE) announces testing and completion of the Prophet River (d-60-E/94-G-15) exploratory well is underway. This testing and completion (of the Devonian horizon) will provide a commercial evaluation and prepares the d-60-E/94-G-15 well for future production It may require up to forty (40) days to finish this phase of the project and will cost the Company approximately CAD $600,000. Shareholders will be informed of results once this well has been evaluated.

More information on Wyn's natural gas projects is available at www.wyndevelopments.ca.

On Behalf of the Board,

WYN DEVELOPMENTS INC.

David McMillan, President & CEO

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements including expectations of future production. More particularly, this press release contains statements concerning Wyn Developments Inc. future production estimates, expansion of oil and gas property interests, exploration and development drilling, regulatory applications, payout estimates, capital expenditures, and drilling locations to be drilled in 2006. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the risks associated with the oil and gas industry (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors that could affect Wyn's operations or financial results are included in Wyn Development's reports on file with Canadian securities regulatory authorities. The forward-looking statements or information contained in this news release are made as of the date hereof and Wyn Developments undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Oil and Gas Advisory. This press release contains disclosure expressed as "Boe/d". All oil and natural gas equivalency volumes have been derived using the ratio of six thousand cubic feet of natural gas to one barrel of oil. Equivalency measures may be misleading, particularly if used in isolation. A conversion ratio of six thousand cubic feet of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head.


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

Contact Information

  • Wyn Developments Inc. - North America
    Tom Brady
    (604) 685-5851 or Toll Free: 1-888-685-5851
    or
    Wyn Developments Inc. - North America
    Chad McMillan
    (604) 685-5851 or Toll Free: 1-888-685-5851
    or
    Wyn Developments Inc. - North America
    Dave McMillan
    (604) 685-5851 or Toll Free: 1-888-685-5851
    (604) 685-7349 (FAX)
    Email: ir@urg.ca
    Website: www.wyndevelopments.ca
    or
    Small Cap Invest Ltd. - Europe
    Alexander Friedrich
    49 (0) 69-24 24 93 49
    49 (0) 12 12 544 71 04 62 (FAX)
    Email: afriedrich@small-cap-invest.com
    or
    Yes International Inc. - United States
    Rich Kaiser
    (757) 306-6090 or (800) 631-8127
    (757) 306-6092 (FAX)
    Email: rich@yesinternational.com