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Delta Oil & Gas to commence drilling of second Todd Creek well
July 19, 2005
Delta Oil and Gas, Inc, (OTC:BB DOIG) is pleased to announce that the drilling on the Todd Creek Well located in 7-16-9-2 W5 in Alberta, Canada will commence shortly. The 7-16 well was previously drilled in October 2004 and following post drill evaluation and seismic re-work, the well’s operator has recommended deepening the well to reach the target formations.
Testing of the Todd Creek well 13-28-9-2W5 drilled in June 2005 is currently ongoing. The well has been cased as a potential gas well and is subject to “tight hole” status by the operator which means that no further information can be released at this time.
In February 2005, the Company acquired a 20% working interest in 13.75 sections of land (approximately 8800 acres) in Todd Creek. The company also has an option to earn 15% in 7 additional sections of land (approximately 4,480) acres. The operator of the Todd Creek concession has received a license to install a gas plant facility for up to 10,000 mcf/day of gas to be located just south of Company lands. While Delta Oil and Gas will have no direct interest in the plant, the immediate access to market for its anticipated production from the area, is of substantial benefit.
About Delta Oil and Gas
Delta Oil and Gas is a growing exploration company focused on developing North American oil and natural gas reserves. The Company's current focus is on the exploration of its land portfolio comprised of working interests in highly prospective acreage in the Southern Alberta Foothills area and its newest interest in the Cache Slough Project in California. Delta Oil & Gas is looking to expand its portfolio to include additional interests in Canada and the USA.
On behalf of the Board of Directors,
DOUGLAS N. BOLEN, B.A., LL.B., 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 time frames, expectations for completion; the analysis of results and the intention to drill. Actual outcomes and the Company's results could differ materially from those in such forward-looking statements. Factors that could cause results to differ materially include general factors that affect all companies that explore for oil and gas, such as the uncertainty of the requirements demanded by environmental agencies, the fact that oil and gas extraction and production is risky, the potential that no commercial quantities of gas are found or recoverable, the price of oil and gas, geological problems that prevent us from reaching drilling targets and specific risks such as the Company's ability to raise financing.
Contact Information
Andrew Hay
1.866.355.3644
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