Creston Resources, Ltd. Announces Another Well Completion.

ROOSEVELT, Utah Roosevelt is a city in Duchesne County, Utah, United States. The population was 4,299 at the 2000 census. Geography
Roosevelt is located at (40.298721, -109.994035)^GR1. -- Creston Creston may refer to:

Places

Creston, California, a town in San Luis Obispo County, California, United States
Creston, Crestonia, a town in ancient Crestonia
Creston, Illinois, a village in Ogle County, Illinois, United States

Resources, Ltd. (Pink Sheets: CSTJ) announced today that Creston's oil and gas well located in Carbon County, Wyo., designated as Creston 3-3, was completed on January 14, 2007. This well produced 2.7 million cubic feet of natural gas during its first day of production while maintaining a pressure of at least 1,000 psi PSI - Portable Scheme Interpreter . Creston anticipates that production will decline over a 5-to-10-year period according the decline curve patterns of other similar wells in the area. Creston's best estimate of the 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. crude oil production from this well is approximately 30 bbls per day.

This well is a joint venture between Creston and BP America Production Co. (formerly British Petroleum). Creston Resources owns a one-eighth interest in the well, as well as in the surrounding sur·round
tr.v. sur·round·ed, sur·round·ing, sur·rounds
1. To extend on all sides of simultaneously; encircle.

2. To enclose or confine on all sides so as to bar escape or outside communication.

n. leasehold An estate, interest, in real property held under a rental agreement by which the owner gives another the right to occupy or use land for a period of time.

leasehold n. properties (640 acres).

Creston estimates that within the surrounding leasehold area it will be possible for BP America Production Co. to drill an additional six (6) wells.

Further information on this will be placed on Creston Resources, Ltd.'s web site at www.crestonresources.com.

Statements on this page release that are not historical facts are forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties, which may cause the company's actual results in future periods to be materially different from any results discussed in or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, the company's ability to acquire productive oil and/or gas properties and to successfully drill and complete oil and/or gas wells on such properties, the inherent uncertainty of oil and gas exploration and production, general economic conditions, as well as other risks and uncertainties that may be detailed from time to time in additional documents issued by the company. Readers are cautioned not to place undue reliance on any forward-looking statements. The company assumes no obligation to update any forward-looking statements contained in this document.

COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	Business Wire
Date:	Jan 18, 2007
Words:	311
Previous Article:	Hemi Energy in New Gas Well Discussions about Its Leases in Sabine County, Texas.
Next Article:	National Geographic Cover Story Features CardioWest(TM) Temporary Total Artificial Heart.

Related Articles
APPLICATIONS APPROVED UNDER BANK HOLDING COMPANY ACT.
WRA Properties.
Hunting death haunts victim's kin.
Hunter faces 3-year term in boy's death.
Get Hired Now!
Threshold of pure joy.
Meridian seals 700 deals in The Bronx.
Take Back Your Life.