Message #25 From:
Stock News Bot Date: December 6, 2005 03:00:00 AM
TREN News Torrent Completes Drilling of First Well on Radio Hill Pilot Project
VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 6, 2005--Torrent Energy Corporation (the "Company") (OTCBB:TREN) is pleased to announce the following developments from its wholly owned operating subsidiary, Methane Energy Corp. ("Methane").
Methane has completed drilling and setting production casing for Radio Hill #1 and has now commenced drilling the second Radio Hill well. These wells are included in Methane's Radio Hill pilot project located in Coos County, Oregon, and are being drilled from a single pad within the Coos County forest lands located approximately two miles south of Methane's Beaver Hill pilot project. The Radio Hill #1 well, vertically drilled to a depth of 4,250 feet, encountered numerous gassy coal seams in the Lower Coaledo formation above and below the targeted "D" coal seam. The shallower "P" coal specifically demonstrated gas throughout the drilling process and will be investigated further with follow-up drilling and during the completion phase of the project. The second Radio Hill well will be directionally drilled on strike to the Radio Hill #1 well and will also target the Lower Coaledo "D" and "P" coal seams.
Methane's Chief Operating Officer, John Carlson, states, "Drilling results from the Radio Hill #1 well, along with the five Beaver Hill wells, have confirmed our geological interpretation of the Lower Coaledo coal seams over an extended area, and strong gas shows from multiple coal seams encountered in the six wells drilled to date continue to support further drilling, completion and testing work in the Coos Bay basin. Further technical evaluation is continuing to determine the optimum well densities and completion strategies on our Beaver Hill and Radio Hill pilot projects."
Roll'n Oilfield Services have delivered their service rig #35 to the Radio Hill site and completion work will commence initially on Radio Hill early in January 2006. The rig will move between the Radio Hill and Beaver Hill sites as required to facilitate perforating, swabbing and stimulation work planned for the Beaver Hill and Radio Hill wells.
About Torrent Energy Corporation
Torrent Energy Corporation is a growing exploration company focusing primarily on developing non-conventional natural gas reserves. The Company's current focus is the exploration of the Coos Bay Basin project in southwestern Oregon through its Oregon subsidiary, Methane Energy Corp., where the Company currently has a land portfolio that is in excess of 100,000 acres. The Company is also currently evaluating the potential of the Chehalis Basin of southwestern Washington through its Washington subsidiary, Cascadia Energy Corp., where the Company has a land portfolio that includes over 115,000 acres. For more information please visit www.torrentenergy.com.
On behalf of the Board of Directors,
TORRENT ENERGY CORPORATION
Mark Gustafson, President
Safe Harbor Statement: This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, our focus on developing non-conventional natural gas reserves; our intention to investigate further with follow-up drilling during the completion phase of the Radio Hill #1; to directionally drill the second Radio Hill well on strike to the Radio Hill #1 well; our intention to target the Lower Coaledo "D" and "P" coal seams; that results achieved to date support further drilling, completion and testing work in the Coos Bay basin; that completion work will commence initially on Radio Hill early in January 2006 and that the rig will move between the Radio Hill and Beaver Hill sites to meet our requirements. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include the uncertainty of the requirements demanded by environmental agencies, the Company's ability to raise financing for operations, inability to maintain qualified employees or consultants, potential delays or obstacles in spudding, drilling, well completion or interpreting data, competing land claims or disputes over rights to the property and the likelihood that no commercial quantities of gas are found or recoverable. For more risk factors about our Company, readers should refer to risk disclosure in our latest 10-KSB filed on Edgar on June 30, 2005.
