Company Overview
CEO Message
Corporate Info
Operations and Productions
Contact Info
          International Highlights
        Investor Relations
Quotes and Chart
News Releases
Financials
Sedar Filings
Request Info
Investor Relations

News Releases

 

May 20, 2008

Shares Outstanding:  13,928,084

TSX: “ISR”                                                                                         

 

DRILLING UNDERWAY ON THE SUKKUR BLOCK, PAKISTAN

                                                                                        

International Sovereign Energy Corp. (the “Company”) is pleased to report that drilling is underway on the 2,435.4 Sq. Km Sukkur Block, Sindh province, Pakistan in which the Company has an assigned 15% direct Working Interest (W.I.).  The Sukkur Block is located within a core Pakistan gas producing basin.  Mari Gas Company Limited (MGCL), the second largest gas production company in Pakistan, is the Sukkur Block project operator.

After extensive seismic review and interpretation of various prospects within the Block, two separate high priority gas structures were selected for drilling on a back-to-back basis starting with prospect ‘A’ followed by prospect ‘B’.  The reservoir target for both prospects is the (Eocene) Sui Main Limestone (depth approximately 1,200 m) which is the primary producing gas reservoir in the area.  Numerous large producing gas fields with multiple reservoirs surround the concession.  Prospect ‘A’ covers a 5 Sq. Km area and prospect ‘B’ covers a 4.1 Sq. Km area.  The projected recoverable reserve estimates, as calculated by MGCL through Monte Carlo Simulation, exceed 40 bcf for each prospect.  The estimated time to drill each well is 30 days (+/-).  Both prospects are within 5 Km from a main gas pipeline so that a discovery can be brought on stream on a fast track basis.  Drilling results will be released upon availability.

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:

Omair Choudhry

Chief Financial Officer

Tel:                       (604) 684-7372

Fax:                       (604) 684-2407

Or visit our website at www.isove.com


Designed by Sherly Ho Design and Associates