Rolland Begins Drilling 4 Shallow Gas Wells in Alberta

Rolland Energy Inc. has commenced drilling of four shallow gas wells in east-central Alberta. The Corporation has farmed-in for a 25% interest in the wells as per a farm-in agreement with Severo Energy Corp. previously announced on December 11, 2007. The first well of the program at Bolloque, on LSD 12-20-64-24W4, was spudded on February 6, 2008. The remaining three wells of the program will be drilled one after another, and drilling is therefore expected to be completed within the next thirty days.

The Corporation has announced that the well at Abee on LSD 2-7-64-24W4 drilled in December 2007 as part of a farm-in with Exceed Energy has been completed in the McMurray and the Glauconite zones. The well will be tied-in with production commencing within the next thirty days.