Powder River Completes Another Well in Goliad County

Powder River Basin Gas Corp., a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, on Wednesday said the Justen #3 well on the Weesatche project in Goliad County, Texas, is now online and in production. The well was started at 550 mcf gas per day and will be gradually increased to ensure there is no decline in pressure.

Justen #3 was started on 8/64th choke holding flowing pressure of 1,100 psi.

Based on the performance of the J.P. Green #1, which is currently held at 1,600 mcf gas per day, an equivalent production level is expected on the Justen #3 after monitoring over the next few weeks.

The Justen #1 and #2 and the Dohman #1 are currently being brought into production and are expected to be in full operation by July 31, 2006.

“Despite the 2-week rain delay we are pleased to see the positive results of the Justen #3,” said Brian Fox, the company’s CEO. “These wells were initially projected to produce 300 mcf gas per day based on the original reports. This again proves the tremendous success of using 3D seismic on these shallow wells.”

The company said that it is on schedule to complete the 14 wells on the project by the end of the year, as previously announced. After completion of the Justen #1 and #2 and the Dohman #1, the project’s first five wells will be in production.

Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.


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