QMAC Successfully Drills Two New 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, today announces it has successfully completed the drilling of two new wells. These wells will further enhance their growing interest in the Montana Lake Frances gas field. On December 15, 2005 QMAC announced that the company had initiated drilling of the first of two new wells in Montana's Lake Frances gas field. QMAC is now pleased to announce that the initial well was a success. The company is currently finishing flow testing the well and expects it to be tied in and revenue producing this week. QMAC is also pleased to announce the successful drilling of a second well in this drilling program. With both new gas wells on stream QMAC will have working interest in a total of (8) eight producing wells in the Lake Frances Gas Field. QMAC plans to start its 2006 drilling program in the Lake Frances Gas Field with the drilling of a third well, as part of the present drilling program, on or before January 15, 2006. QMAC plans to continue drilling in the Lake Frances Gas Field. About QMAC Energy QMAC Energy, Inc. is a Nevada Corporation, engaged in the business of natural gas exploration, drilling and production. QMAC's current operations consist of a 25% working interest in five operating gas wells and a 10% interest in a sixth operating gas well 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 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. |
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