Message #29 From:
Jason Date: May 15, 2007 01:58:06 PM
TREN: Torrent Energy Commences Exploration Drilling Program at Chehalis, Washington CBM Project
Torrent Energy Corporation (the 'Company') (OTC Bulletin Board: TRENForum Stocks) today announced it has commenced exploratory drilling operations on its Vader Ryderwood coalbed methane (CBM) project in southwest Washington's Chehalis Basin. The program is primarily aimed at establishing a significant CBM gas resource in relatively shallow coals. The Company also will investigate potential sandstone reservoirs similar to existing gas pools located in the Mist Field, which is 25 miles southwest of the Vader Ryderwood project area.
The initial program includes the drilling of three stratigraphic wells that will test a number of Eocene coal seams for thickness and gas content. The initial well, CEC State 3-36-13-3, spud on April 26, 2007, is projected to be drilled to a depth of approximately 3,000 feet. Individual coal seams will be cored and gas content determined from desorption testing. Additional well locations also are being permitted in the adjoining Cedar Creek project area.
The wells are being drilled by Major Drilling Group and desorption analysis is being provided by Coal Gas Technologies. Cascadia Energy Corporation, Torrent's wholly owned subsidiary, owns a 60% working interest in the project and has partnered with St. Helens Energy LLC, a wholly owned subsidiary of Australia-based Comet Ridge Limited (ASX Code COI).
Torrent president and chief executive officer, John Carlson, said, 'We have developed a large land portfolio in the Chehalis Basin that includes numerous exploration leads and prospects. The project area is bisected by the regional interstate pipeline system and will provide future access to the growing Pacific Northwest gas market.
'We believe this project will ultimately translate into a significant CBM resource base for Cascadia,' Carlson added. 'Initiation of this drilling program is an important step in creating value from these assets, and it comes on the heels of our recent announcement of commercial permeability at our Coos Bay CBM project in Oregon. We are obviously very encouraged by the operational momentum we have established with each of our CBM projects.'
About Torrent Energy Corporation
Torrent Energy Corporation is a growing exploration company focusing on developing non-conventional natural gas reserves in the Northwestern United States. The Company's primary objective is to create value for stakeholders by applying strong technical expertise to projects. The current focus of the Company's Washington subsidiary, Cascadia Energy Corp., is on the exploration of the Chehalis Basin project in southwestern Washington where the Company currently has a land portfolio that includes over 155,000 acres of prospective land. For more information please visit www.torrentenergy.com.
On behalf of the Board of Directors,
TORRENT ENERGY CORPORATION
John Carlson, President & CEO
