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2006-03-16 See all News
09:00:02 - Donnerstag
Torrent Energy Provides Update on Nitrogen Stimulation Program at Pilot Projects
Business Editors / Energy Writers
VANCOUVER, British Columbia--(BUSINESS WIRE)--March 16, 2006--
Torrent Energy Corporation (the "Company") (OTCBB:TREN)
is pleased to announce the following development from its wholly owned
operating subsidiary, Methane Energy Corp. ("Methane").
From March 9th through March 12th, 2006, Halliburton Energy
Services completed Nitrogen (N2) stimulation activities on a number of
Methane's Beaver Hill and Radio Hill pilot wells. This was the first
such operation in the State of Oregon and in the Pacific Northwest
region of the U.S. This program brought together talented personnel
and equipment from both Canada and the western US oil and gas
industry. Specifically the completion program included the following:
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1) Beaver Hill #3 -- injected 175,000 SCF of N2 through casing
into a 4-foot perforated interval in the Lower Coaledo "D"
coal. Breakdown in the formation was achieved.
2) Beaver Hill #5 -- injected 380,000 SCF of N2 through casing
into a 4-foot perforated interval in the Lower Coaledo "D"
coal. Breakdown in the formation was achieved.
3) Radio Hill #1 -- injected 1,020,000 SCF of N2 into 10 separate
Lower Coaledo coal seams of varying thickness via a coiled
tubing unit. Breakdown in the various formations was achieved.
4) Beaver Hill #2 -- injected 324,000 SCF of N2 into 4 separate
Lower Coaledo coal seams of varying thickness via a coiled
tubing unit. Breakdown in the various formations was achieved.
*T
The stimulation results are currently being analyzed with the
assistance of Coal Gas Technologies of Calgary, Alberta. Flow-back and
swabbing operations are expected to continue through the balance of
March.
Torrent President and Chief Executive Officer John Carlson states,
"We have successfully completed 16 separate N2 stimulations on our
Coos County project. We continue to gather a wealth of new and useful
data, thereby advancing our understanding of the various Coos County
coal formations. Following a comprehensive evaluation of this data,
the next phase in our testing program will be to connect the wells to
production test facilities currently on location, pump any formation
water and test potential gas rates and flowing pressures."
About Torrent Energy Corporation
Torrent Energy Corporation is a growing exploration company
focusing on developing non-conventional natural gas reserves. The
Company's primary objective is to create value for the Company's
stakeholders by applying strong technical expertise to projects. The
Company's current focus is on the exploration of the Coos Bay Basin
project in southwestern Oregon, where the Company currently has a land
portfolio that includes over 112,000 acres of prospective land in the
Coos Bay area. For more information please visit
www.torrentenergy.com.On behalf of the Board of Directors,
TORRENT ENERGY CORPORATION
John D. Carlson, President & CEO
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, that stimulation results are currently being
analyzed; flow-back and swabbing operations are expected to continue
through the balance of March; and our intention to connect the wells
to production test facilities, pump any formation water and test
potential gas rates and flowing pressures. 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 and interpreting data, 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 recent forms 10-KSB and 10-QSB.
KEYWORD: NORTH AMERICA OREGON UNITED STATES CANADA
INDUSTRY KEYWORD: ENERGY COAL OIL/GAS PRODUCT/SERVICE
SOURCE: Torrent Energy Corporation
CONTACT INFORMATION:
Torrent Energy Corporation
Bruce Nurse, 1-800-676-TREN (8736)
info@torrentenergy.com