Contact Exploration Announces Seismic Acquisition Commencement

Contact Exploration Inc. announced that seismic acquisition has commenced in the South Stoney Creek area of New Brunswick to further define the deep Beech Hill shale prospect.

Triangle Petroleum Limited, which operates the deep Beech Hill shale block in New Brunswick as part of the earning process from Contact, has commenced seismic acquisition activities in the South Stoney Creek area as part of the effort to delineate the prospect. The Beech Hill shale block is the deep shale horizon of the South Stoney Creek area. South Stoney Creek is a 68,000 acre area located directly to the south and east of Contact's producing 5,500 acre Stoney Creek field. Contact's expenditures are carried by Triangle for the seismic and through the drilling of the first well. This seismic data will not only help to define the deeper shale formations, but may also shed light on the shallow exploration targets in the area. Approximately 30 kilometres of 2-D seismic will be acquired and processed in this current phase of the project. This project is being done concurrently with the drilling program in the Windsor Shale block, where drilling has commenced.