Benz Announces New Field Pay Discovery.HOUSTON--(BUSINESS WIRE)--Aug. 26, 1998--Benz Energy Ltd. (VSE See DOS/VSE. VSE - Virtual Storage Extended :BZG BZG Bristol Zoo Gardens (UK) ) today announces that it has logged and tested an internally generated and operated exploratory well, the BOE BOE Based on Experience BOE Board of Education BOE BoletÃn Oficial del Estado (Spanish) BOE Bank of England BOE Board of Equalization BOE Board of Elections BOE Barrel of Oil Equivalent BOE Bind on Equip 16-14 No. 1, in the Upper Hosston at its East Morgantown Prospect, Marion County Marion County is the name of seventeen counties in the United States of America, mostly named for General Francis Marion:
Initial tests indicate commercial production of 1.4 million cubic feet of gas per day to the Company, which holds 80% working interest in the prospect. Benz expects to increase production by fracture stimulating the well in late September. The BOE 16-14 No. 1 discovery well was logged and completed in the second Hosston Gas Pool in the interval between 15,954 feet and 15,996 feet. This well is in a separate fault block adjacent to the Greens Creek and East Morgantown fields, which have collectively produced 205 billion cubic feet of gas and 2,516,000 barrels of condensate condensate, matter in the form of a gas of atoms, molecules, or elementary particles that have been so chilled that their motion is virtually halted and as a consequence they lose their separate identities and merge into a single entity. from a series of eight sands in the Upper Hosston Formation. Benz Energy Ltd. is an exploration and development company based in Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , with aprimary focus onnatural gas on the U.S. Gulf Coast of Texas, Mississippi and Louisiana. Cautionary Statement as to Forward-Looking Information Investors are cautioned that the preceding statements of the Company include certain estimates, assumptions and other forward-looking information ("forward-looking statements (information)"). The actual future performance, developments and/or results of the Company may differ materially from any or all of the forward-looking statements (information), which include current expectations, estimates and projections, in all or part attributable to general economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the Company, including rates of inflation, natural gas prices, reserve estimates, drilling risks, future production of oil and gas, changes in future costs and expenses related to oil and gas activities and hedging, financing availability and other risks related to financial activities. The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
CONTACT: Benz Energy Ltd., Houston
Mark Kahil, 713/739-0351
Fax: 713/739-8402
mkahil@benzenergy.com
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