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QMAC Announces Reserve Estimates for Its Interest in the Lake Francis, Montana Gas Wells.


SPOKANE Spokane, city, United States
Spokane (spōkăn`), city (1990 pop. 177,196), seat of Spokane co., E Wash., at the spectacular falls of the Spokane River; inc. 1881.
, Wash. -- QMAC QMAC QAM (Quadrature Amplitude Modulation) Multiple-Access Channel
QMAC Qualified Matching Contributions (qualified retirement plans)
QMAC Queen's Marketing Association Conference (Canada) 
 Energy Inc. (Pink Sheets:QMCG), a Nevada corporation A Nevada Corporation is a corporation chartered under the laws of the U.S. state of Nevada.

Nevada, like the state of Delaware (See Delaware corporation), is well known as a corporate haven.
 with a gas development program and producing wells in Montana Montana (mŏntăn`ə), Rocky Mt. state in the NW United States. It is bounded by North Dakota and South Dakota (E), Wyoming (S), Idaho (W), and the Canadian provinces of British Columbia, Alberta, and Saskatchewan (N). , announces reserve estimates for its interest in the Lake Francis Francis, French prince, duke of Alençon and Anjou
Francis, 1554–84, French prince, duke of Alençon and Anjou; youngest son of King Henry II of France and Catherine de' Medici.
, Montana gas wells.

The company is pleased to provide the following present estimated reserves for its interest in the Lake Francis, Montana gas wells.
RESERVE SUMMARY

                         W.I.O.
                         MMscf
Proved Producing          137
Developed Producing        90
Probable                  150
                        -------
          Total           377


    RESERVES TERMINOLOGY

    Proved Producing Reserves

    Are those reserves that can be estimated with a high degree of
    certainty to be recoverable. It is likely that the actual
    remaining quantities will exceed the estimated proven reserves.
    (Proved Producing Reserves as reported in the Citadel Engineering
    Ltd. Appraisal Report, Natural Gas Reserves, owned by QMAC Energy
    Inc. Effective Date November 1, 2005)

    Developed Producing Reserves

    Are those reserves that are expected to be recovered from
    completion intervals open at the time of the estimate. These
    reserves may be currently producing, or, if shut-in, they must
    have been previously on production and the date of the resumption
    of production must be known with reasonable certainty. (Based on
    QMAC projections for three new wells that were just connected and
    are producing but to date do not have enough production history
    for engineering analysis.)

    Probable Reserves

    Are those additional reserves that are less certain to be
    recovered than proven reserves. It is likely that the actual
    remaining quantities recovered will be the greater of less than
    the sum of the estimated proved plus the probable reserves.
    (QMAC's estimate is based on the undrilled spacing units
    associated with the present producing reserves.)

    W.I.O. means those reserves accruing to the Owner after deduction
    of all outside working interests, but before deduction of all
    lessor and overriding royalties and taxes.

    MMscf

    Million standard cubic feet of gas measured at standard
    conditions.


QMAC Energy, Inc. is a Nevada Corporation, engaged in the business of natural gas exploration, drilling and production. QMAC's current operations consist of working interests in operating gas wells in Montana's Lake Frances gas field. QMAC expects the price of natural gas to remain high and demand to be strong. QMAC intends to aggressively add to its portfolio of operating gas wells throughout the Lake Frances gas well field. "American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of  Energy for Americans"

Safe Harbour Statement:

This news release may include 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.
 within the meaning of Section 27A of 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.  Securities Act of 1933, as amended a·mend  
v. a·mend·ed, a·mend·ing, a·mends

v.tr.
1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive.

2.
, and Section 21E of the United States Securities and Exchange of 1934, as amended, with respect to achieving corporate objectives, developing additional project interests, the Company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements are made under the 'safe harbour' provisions of the United States 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 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements herein.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 14, 2006
Words:487
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