Torrent Provides Update on Beaver Hill Completions.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Torrent Energy Corporation (the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :TREN) is pleased to announce the following development 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. , Methane Energy Corp. ("Methane"). On February 28 through March 3, 2006, Methane's Beaver Hill pilot wells were perforated per·fo·ra·ted adj. Pierced with one or more holes. in several seams including the primary "D" coal target. Gas and water inflow was recorded in all five wells in the pilot project. Additional completion work includes static gradient tests, flow testing and gas and water analyses. Current plans include continued swabbing, establishing production rates and enhancing coal seams with nitrogen gas stimulation through a Halliburton coiled tubing Coiled tubing refers to metal piping, normally 1" to 2" in diameter, used for interventions in oil and gas wells, which comes spooled on a large drum. The main benefits over wireline are the ability to pump chemicals through the coil and the ability to push it into hole rather than unit. Methane's Radio Hill #1 well will also be nitrogen stimulated in a total of twelve individual coal seams during these completion and testing operations which are scheduled to commence March 8, 2006. Methane has also retained the services of Coal Gas Technology Company, with offices located in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. and Calgary, Alberta, to assist on site during the nitrogen stimulation operation and to provide technical analysis of the stimulation results to further our understanding of the coal reservoir properties. Torrent's President and Chief Executive Officer, 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. , states, "We have now accessed multiple coal seams in all our pilot project wells and we continue to see encouraging first stage results. The next stage of our completion operations at the Beaver Hill and Radio Hill pilot projects will include high rate nitrogen stimulations commonly used to enhance well productivities in coal seams. Testing results will confirm both the technical and economic viability of our Coos Bay Coos Bay (k  s), city (1990 pop. 15,076), Coos co., SW Oreg., a port of entry on Coos Bay; founded 1854 as Marshfield, inc. 1874, renamed 1944. project. It is necessary, however, to give the wells a reasonable period of production testing to determine both the well capabilities and reservoir mechanics, as well as the ultimate effectiveness of the nitrogen stimulation." About Torrent Energy Corporation Torrent Energy Corporation is a growing exploration company focusing on developing non-conventional natural gas reserves. The Company's primary objective is to create value for the Company's stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. by applying strong technical expertise to projects. The Company's current focus is on the exploration of the Coos Bay Basin project in southwestern Oregon where the Company currently has a land portfolio that includes over 112,000 acres of prospective land in the Coos Bay area. For more information please visit www.torrentenergy.com. On behalf of the Board of Directors, TORRENT ENERGY CORPORATION John D. Carlson, President & 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. 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, our current plans include continued swabbing, establishing production rates and enhancing coal seams with nitrogen gas stimulation through a Halliburton coiled tubing unit; that the well will also be nitrogen stimulated in a total of twelve individual coal seams during these completion and testing operations scheduled to commence March 8, 2006; that we see encouraging first stage results. 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 spudding and interpreting data, 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 latest 10-KSB filed on Edgar. |
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