News Releases
February
7, 2006
TSX: "ISR"
Shares
Outstanding: 13,237,130
ALBERTA
OPERATIONS UPDATE
International
Sovereign Energy Corp. (the “Company”) reports that its 25%
working interest gas well in Ante Creek area (15-8-67-22W5)
of Alberta has commenced production contributing a net 50
boe/d to the Company. The Ponoka 10-2-43-25W4 (85% working
interest held by the Company) is the first re-entry gas well
for re-completion pursuant to the Company’s 2006 winter drill
program. Equipment for this well is scheduled to be on site
by mid February, 2006. A service rig is expected to be on
site late February, 2006 for the second re-entry gas well
at Grimshaw 10-17-82-22WS (100% working interest held by the
Company) where final access approval is pending. The balance
of the winter drilling program consisting of a further re-entry
gas well in which the Company holds a 75% working interest
and three new gas wells in which the Company holds a 64% working
interest and a 100% working interest in the other two wells
is progressing as scheduled.
International
Sovereign Energy Corp. is an oil and gas exploration development
and production company with offices in Vancouver, British
Columbia, Calgary, Alberta and Islamabad, Pakistan and is
active in the exploration and development of hydrocarbon reserves
in Western Canada and internationally.
For
further information, please contact:
Dr.
Waseem Rahman
Senior
Vice President Administration & Corporate Secretary
Tel:
(604) 684-7372
Fax:
(604) 684-2407 |
|
Or
visit our website at www.isove.com
The
Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Certain information provided in this press release contains
forward-looking statements that by their nature are subject
to numerous risks and uncertainties and readers are cautioned
that actual results may vary considerably from those forecasted.
|
