Admiral Bay Appoints Vice-President Of Engineering.TORONTO -- Senior coal bed methane engineer to accelerate production 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 Starting with the iMac in 1998, the ADB was superseded by USB. ) announced today the hiring of William R. Guice as Vice-President of Engineering, Admiral Bay (USA) Inc., who will oversee completions, reservoir management and pipeline activities for its properties in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Mr. Guice has extensive experience in coal bed methane in Wyoming and Kansas with Tipperary Oil & Gas Corporation and KLT KLT Karhunen-Loeve Transform KLT Kernel Latency Time KLT Kernel Level Thread Gas Inc. Mr. Guice has previous experience with conventional reservoirs with Ensign Oil & Gas, Snyder Oil Corporation and Chevron, USA. Mr. Guice has over 25 years experience in the drilling and completion of conventional and unconventional reservoirs both in the U.S. and in Russia for LUKoil - AIK AIK As I Know AIK Assistance in Kind (host nation support) AIK Allmäna Idrottsklubben (Swedish sports club) AIK American Institute of Kenpo (Tucson, AZ marital arts) . Mr. Steven Tedesco, President of Admiral Bay (USA) Inc., stated, "We welcome Mr. Guice as he shall provide substantial engineering capabilities that will be critical to Admiral Bay as it begins an extensive drilling program." He continued, "Mr. Guice's role should rapidly increase our ability to bring wells on line". Admiral Bay has drilled and/or re-activated 31 wells since March at four of its six projects in the U.S. The Company is currently producing gas from 10 wells and is expecting to have completions and infrastructure completed to bring the additional 21 wells on stream shortly. Admiral Bay's drilling program has now permitted 52 additional gas wells with drilling anticipated to begin in the first 10 days of November. Admiral Bay Resources Inc. (www.admiralbay.com) is a Canadian oil and gas exploration and development company with its primary focus on coal bed methane. The Company has U.S. conventional and 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 ) gas projects located in the Uintah, Cherokee and Appalachian Basins which are currently in the early stages of production. The Company's Moose River Basin property is being explored for coalbed methane on over 250,000+ acres in the James Bay lowlands of northern Ontario. A 5-10 hole Phase III drilling program will be underway shortly. 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 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. does not accept responsibility for the adequacy of this release |
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