Vaquero Energy reports the recent discovery of a new Nisku
pool in the Pembina area of west central Alberta. Preliminary results
from the confidential well indicate a significant column of hydrocarbons
in the Nisku formation. The well was drilled based upon the Company's
interpretation of a 3D seismic program shot over the subject lands.
Completion and testing of the well is planned for later in 2005. Future
development of the pool will be determined upon evaluation of the test