Torrent's Second Exploration Project Now Includes 130,000 Acres in Washington State.SEATTLE -- Torrent Energy Corporation (the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TREN) announces the following developments from its wholly owned operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Cascadia Energy Corp. ("Cascadia"). Further to the announcements on August 17, 2005 and November 22, 2005, Cascadia provides this update regarding additions to its land holdings for the natural gas from coal exploration program being assembled in Cowlitz and Lewis Counties, Washington. As part of its ongoing exploration effort focused on gas contained within the various coal seams in southwestern Washington, Cascadia recently concluded negotiations for a Lease Option Agreement with Pope Resources, LP. The agreement provides Cascadia with the right to earn oil and gas leases covering up to 15,280 acres of mineral rights interests held by Pope in this area. These lands are located in the same general area where Cascadia last year announced a similar lease option arrangement covering 100,000 acres owned by a forest products company. In addition to the State of Washington Trust lands covering another 15,000 acres, Cascadia now has a direct exploration lease land potential of over 130,000 acres. Cascadia and its Colorado based 40% joint venture partner, St Helens St Helens may refer to: Places:
LLC - Logical Link Control , a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Comet Ridge USA, Inc., have been assembling and evaluating technical data focused on this area including previous well drilling Well drilling is the process of drilling a hole in the ground for the extraction of a natural resource such as ground water, natural gas, or petroleum. Drilling for the exploration of the nature of the material underground (for instance in search of metallic ore) is best described results, coal mining activity, seismic and other geophysical information. John Carlson John Carlson (born June 3, 1959) is a popular American conservative talk radio host on KVI, a Seattle talk radio station owned by Fisher Communications. His show formerly aired during the afternoon drive time. , President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Torrent, states,"Cascadia and St Helens expect to drill as many as four exploratory or stratigraphic stra·tig·ra·phy n. The study of rock strata, especially the distribution, deposition, and age of sedimentary rocks. strat wells in this area later this year to test various coals underlying portions of the acreage for coal thicknesses, gas content and predictability. About Torrent Energy Corporation Torrent Energy Corporation is an exploration company focusing on developing non-conventional natural gas reserves in the Northwestern United States Noun 1. northwestern United States - the northwestern region of the United States Northwest western United States, West - the region of the United States lying to the west of the Mississippi River . The focus of the Company's Oregon subsidiary, Methane Energy Corp., is on the exploration of the Coos Bay Basin project in southwestern Oregon where the Company currently has a land portfolio that includes over 116,000 acres of land. The Company's Washington subsidiary, Cascadia Energy Corp., is focused on two projects in southwestern Washington State where it hold substantial lease and lease option commitments. For more information please visit www.torrentenergy.com. On behalf of the Board of Directors, Torrent Energy Corporation John D. Carlson, President & CEO Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, that we have the right to earn oil and gas leases covering up to 15,280 acres of mineral rights interests held by Pope; that we expect to drill as many as four exploratory or stratigraphic wells in this area later this year to test various coals underlying the area; and that we are developing non-conventional natural gas reserves. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, inability to maintain qualified employees or consultants, potential delays or obstacles in drilling, spudding and interpreting data, inability to agree on final documents for closing of our intended agreements, and the likelihood that no commercial quantities of gas are found or recoverable. For more risk factors about our Company, readers should refer to risk disclosure in our recent forms 10-KSB and 10-QSB filed with the SEC on Edgar. |
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