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mick

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Friday, 08/24/2007 9:55:51 PM

Friday, August 24, 2007 9:55:51 PM

Post# of 5894
NEWS RELEASED EARLY MORNING: August 24, 2007 - 6:00 AM EST



Powder River Completes Drilling of First Well on Biamante Project
Powder River Basin Gas Corp. (OTCBB: PRVB), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has completed drilling on the Biamante #1 well in the Powder River Consolidated Field in Goliad County, Texas. The well was drilled to 4000 feet and showed ten pay zones. The first zone will be completed at 3630 feet and is currently being set with casing and cementing operations.

The well will be completed and tested by the month's end. Based on initial research, it is estimated to produce a minimum 250 mcf gas per day. Accurate results will be published as soon as the Company has them available. The tank battery and meters are expected to be set within the next several weeks, with the well put into full production by the end of September.

This well marks the first of a 25 well program scheduled on the Biamante project.

In other news, Powder River CEO Brian Fox recently participated in an interview on the Bill Chippas radio show, which can be heard on Bill Chippas website at http://www.billchippasshow.com.

"We are pleased to have prepared the location and drilled our first well on the Biamante project. We are also currently in full completions operations on the Weesatche project. We are bringing the remainder of the project to full production which - despite massive rain delays - is now anticipated to be in full operation in mid-September. These developments represent an exciting start to our fourth quarter, as we can finally realize a return from our drilling program of the past year," stated Powder River Basin Gas Corp. CEO Brian Fox.

Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.

Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.

Contacts:
Powder River Basin Gas Corp.
Steve Weiss
Investor Relations
(609) 529-3671
Email: info@powderrivergascorp.com
Website: http://www.powderrivergascorp.com

Princeton Research Inc.
Mike King
Market Analyst
(702) 650-3000





Source: Market Wire (August 24, 2007 - 6:00 AM EST)

News by QuoteMedia
http://www.quotemedia.com



Caspermick

"TOUGH TIMES NEVER LAST BUT TOUGH PEOPLE DO."


God Bless America

In Gambling,,,Playing Card Games. Ya Never Know What The Next Hand Will Look Like.
Ten Bagger Potential Stock

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