Monarch Reports North Louisiana Duster

Monarch Gulf Exploration, Inc., a Washington Corporation, said it has participated with a 19% working interest in the drilling of the North Colgrade well in Winn Parish, Louisiana. The well encountered eight feet of gas pay on water in the Wilcox. The well was deemed by the joint venture partners to have marginal economic viability, and was abandoned. The Joint Venture Partners are evaluating further drilling potential based on the results of this well for the 1500 acre lease.