Z1 Email update from HAOHABANERO RESOURCES INC.
460-789 West Pender Street
Vancouver B.C. Canada
October 9, 2002 Trading Symbol: HAO: TSX Venture
Successful Frac of the Primary Zone Within Z1 Well
Habanero Resources Inc. (the "Company") is pleased to announce that the
operator has informed the Company that the frac on the Z1 has been
successfully completed. The well was fraced with the injection of 1,580
bbls of treated water with 11,700 lbs of 20/40 sand. The average frac
pressure was 2,210 psig, with an average rate of 19 bbls/min. The well was
then bled down and swabbed to the frac tank. At this point 400 bbls of the
1,580 bbls injected into the well have been swabbed back with gas being
present within the water. It is expected to take approximately 4-7 days,
barring any unforeseen delays, to finish removing the rest of the frac water
that was injected into the well, to enable the operator to gauge the rate of
the gas flow from this zone of the well. At this time approximately
$11,000.00 worth of oil has been sold from the well.
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BY ORDER OF THE BOARD OF DIRECTORS
Jason Gigliotti, Director