Storm Cat Energy Updates Mongolian Projects.CALGARY, Alberta -- Storm Cat Energy Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SME (1) (Small and Medium-sized Enterprise) See SMB. (2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. ) (the "Company") is pleased to provide an update on two of its Natural Gas from Coal exploration projects in Mongolia. Noyon Project, South Gobi Desert Gobi Desert Desert, Central Asia. One of the great desert and semidesert regions of the world, the Gobi stretches across Central Asia over large areas of Mongolia and China. : As of April 19, 2004, working with the Petroleum Authority of Mongolia, Storm Cat secured a five (5) year Production Sharing Contract on over 12 million acres in the South Gobi Desert which included large scale coal deposits. Initial exploration efforts primarily comprised drilling of twelve (12) shallow stratigraphic stra·tig·ra·phy n. The study of rock strata, especially the distribution, deposition, and age of sedimentary rocks. strat tests, specifically in the Nariin Sukhait region near the northern border of China. Data derived from these tests included the collection of continuous core samples, as well as important coal accumulations exceeding over 41m in total thickness, occurring in as many as 10 separate seams. Subsequent to these stratigraphic tests, Storm Cat has recently completed four deeper resource evaluation wells on the Noyon project. Three resource evaluation wells are located in the central area of the Noyon license and the fourth test is located well over 100 kms to the east, near the eastern border of this license. The wells confirmed the presence of multiple coal seams as anticipated, and the Company is currently desorbing the coals for gas content. Storm Cat awaits final analysis of desorption Desorption A process in which atomic and molecular species residing on the surface of a solid leave the surface and enter the surrounding gas or vacuum. tests prior to releasing overall results. The coals in the Noyon project are of Permian age and are believed to be of similar rank as those found in the prolific San Juan Basin The San Juan Basin is a drainage basin and geologic structural basin in the Four Corners region of the Southwestern United States; its main portion covers around 4,600 square miles, encompassing much of northwestern New Mexico, northeastern Arizona, and parts of Colorado and Utah. of Colorado and New Mexico. The company enlisted Mr. George Hampton, a consulting geologist with worldwide Coalbed Methane experience, to review the data acquired during this phase of our drilling program and provide a detailed geological evaluation. The Company will then select locations for additional drilling in 2005. Storm Cat anticipates commencement of this next series of drilling to occur July 2005. Tsaidam Project, Ulaanbaatar Area, Mongolia: On December 14, 2004, Storm Cat announced entering into an Exploration Contract with the Petroleum Authority of Mongolia, comprising 5,536,893 acres of land, of which over 500,000 acres include geologically mapped coal deposits. Subsequently, on this Tsaidam Project, located in the vicinity of Ulaanbaatar (the capital city of Mongolia), a large coal sample was taken and analyzed for coal rank and adsorption adsorption, adhesion of the molecules of liquids, gases, and dissolved substances to the surfaces of solids, as opposed to absorption, in which the molecules actually enter the absorbing medium (see adhesion and cohesion). capacity. Storm Cat geologists are pleased to observe that the Tsaidam coal is similar to the Powder River Basin The Powder River Basin is a region in southeast Montana and northeast Wyoming about 120 miles east to west and 200 miles north to south known for its coal deposits. It is both a topographic drainage and geologic structural basin. Coals in rank, absorption capacity and depth and with potentially thicker coals. An initial drill program is planned for early June 2005. Company President Scott Zimmerman noted "Information gathered to date has been encouraging and provides us with increasing confidence in our efforts in Mongolia." By Order of the Board of Directors Storm Cat Energy Corporation J. Scott Zimmerman, President 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. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Storm Cat Energy Corporation (TSX VENTURE:SME) |
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