Lotta Submits Final Application to Drill Swan River Land

Lotta Energy has submitted final applications for approval of two drilling locations (gas) on the Swan River Reserve.

"Approval is expected within 7 days, and drilling is anticipated to commence within 7 days of approval," said Dr. Nicolas Matossian, President and CEO of Lotta Energy. "This initial drilling will signify the beginning of a 20-30 well program on these lands. With the results of these wells and a 3D seismic program currently planned for Q2 2008, we will be able to fine tune our exploration and development plan for the next 24 months activity," he added.