Admiral Bay's Gas Production Reaches 1.2 Million Cubic Feet Per Day.TORONTO -- Production at Shiloh project jumps to 938 versus 550 thousand cubic feet per day Admiral Bay Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ADB (Apple Desktop Bus) A low-speed serial bus for connecting keyboards, mice and other input devices on Apple IIgs and Macintosh computers. Starting with the iMac in 1998, the ADB was superseded by USB. ) is pleased to announce that the Company's natural gas production has reached 1,228 thousand cubic feet per day (MCFGPD) and continues to increase. The new sales point servicing the Shiloh Project in Neosho and Allen Counties, Kansas is presently handling over 938 MCFGPD, up from 550 MCFGPD as noted in the Company's news release on July 12, 2005. Gas production from the coal bed methane project continues to increase as the newly drilled wells proceed through their expected dewatering Dewatering (dē′wöd·ər·iŋ) is the removal of water from solid material or soil by wet classification, centrifugation, filtration, or similar solid-liquid separation processes. process. Seven additional wells are expected to be connected to the sales line over the course of the next three weeks. The balance of the Company's gas production is generated from the Devon, Mound Valley Mound Valley is a city and a township in Hettinger County, Kansas:
At the Shiloh project, several coal bed methane and shale gas
Shale gas is natural gas produced from shale. Because shales ordinarily have insufficient permeability to allow significant fluid flow to a well bore, most shales are not sources of natural only wells have seen substantial production increases, since being put online. The Johnson 10-23 well for example, had initial production of 60 MCFGPD. After being produced for only seven days, production has increased to a sustained rate of 110 MCFGPD. Admiral Bay has an additional seven wells that are in the process of being completed and/or being connected to the pipeline. These wells are expected to be in production over the next three weeks. Stated Admiral Bay President & COO Steven Tedesco, "We are thrilled to have reached this production milestone. Admiral Bay now has the critical mass for revenues to contribute strongly to future growth." He added, "We are comfortable that we are understanding the wells much better, enabling more rapid progress on completions." Admiral Bay has recently updated its photo gallery with new pictures of the equipment going into the new compressor station/tap facility at the Shiloh project and the ongoing development of the Devon project. To view, go to: www.admiralbay.com/projects/gallery.cfm Admiral Bay Resources Inc. (www.admiralbay.com) is a Canadian listed oil and gas exploration and development company focused on developing its U.S. projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin, in Pennsylvania. Coalbed methane (CBM CBM Commodore Business Machines CBM Coalbed Methane CBM Christoffel Blindenmission CBM Condition Based Maintenance CBM Confidence-Building Measures CBM Curriculum Based Measurement (education) CBM Cubic Meter ) and conventional oil & gas production has begun at the Shiloh, Devon and Quest projects in Kansas and Utah. The Company is listed on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. . Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements". The TSX Venture Exchange does not accept responsibility for the adequacy of this release Admiral Bay Resources Inc. (TSX VENTURE:ADB) |
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