Admiral Bay Welcomes New Member To The Production Development Team.DENVER -- - Gas Production at the Company's Cherokee Basin projects has totaled 180 MMcf 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 Starting with the iMac in 1998, the ADB was superseded by USB.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 it has hired Gary Charles Gary Charles (born April 13, 1970) is a black English former footballer who played at right-back. Playing Career Charles won two caps for the England team and turned out at club level for Nottingham Forest, Derby County, Aston Villa, SL Benfica, and finally West Ham , a petroleum engineer with over thirty years experience in the petroleum industry, specifically focused on shallow gas and coal bed methane. Mr. Charles has extensive experience as Operations Manager See datacenter manager. with Equitable Resources
Equitable Resources and Statoil Energy and their coal bed methane projects in the Appalachian Basin. Mr. Charles will be directly responsible for operations at the Company's Kansas and Pennsylvania projects and will assist Rod Guice and Steven Tedesco in aggressively developing the existing assets and increasing production. Stated Steve Tedesco, President of Admiral Bay, "Mr. Charles will be a good addition to our production development team. He is an oil & gas professional who has demonstrated that he is adept at improving efficiency and increasing sales volumes, without adding expense. We look forward to working with him". The company is pleased to report that the total gas production to date, from all of its projects in the Cherokee Basin, in eastern Kansas, has totaled 180,084,000 cubic feet (180MMcf). The Shiloh project is the Company's most advanced project. In July 2005, a new tap into Southern Star's main pipeline and compression facility went into operation. This eliminated flow restriction into the pipeline, which marked the beginning of larger production at the project. Since that time, the Shiloh project has had gas production of 90,364,000 cubic feet (90.3 MMcf). Admiral Bay is sad to report the resignation of Connie Knight, as Vice President of Exploration. Dr. Knight was offered the opportunity to start her own company with substantial financial backing that focuses on the Rocky Mountain Region The Rocky Mountain Region is a floristic region within the Holarctic Kingdom in western North America (Canada and the United States) delineated by Armen Takhtajan and Robert F. Thorne. of the U.S. We believe Dr. Knight contributed greatly to the success of the company and she will be missed. Admiral Bay will not replace her at this time as the Company is focused on exploitation of its existing assets and believes it is better served by employing personnel focused on development work. We wish Dr. Knight all the best in her endeavors. Admiral Bay Resources Inc. (www.admiralbay.com) is an emerging coal bed 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 ) production company focused on the development of projects in the Cherokee Basin in southeast Kansas and the Appalachian Basin, in Pennsylvania. The Company's current gas production is approximately 1 MMcf/day. Admiral Bay 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. under the symbol ADB. 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 ad equacy of this release Admiral Bay Resources Inc. (TSX VENTURE:ADB) |
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