Irwin Energy Acquires Working Interest in Arizona Jun 19/06
VANCOUVER B.C., UK, Jun 19, 2006 (MARKET WIRE via COMTEX) -- VANCOUVER, BC -- June 19, 2006 -- Irwin Energy, Incorporated (PINKSHEETS: IWNE) announced today that the Company has acquired a twenty percent working interest in the Pinta Dome Field located in Apache County, Arizona. Bengal Drilling will drill a 2,800 foot test well at the Pinta Dome Field to determine the presence of oil, gas and helium. The drilling is scheduled to commence during July 2006.
About Pinta Dome The Pinta Dome Field was discovered in 1956 and produced 6.5 billion cubic feet of helium from the Permian Supai at 1,100 feet until abandoned in 1977. Irwin Energy and its joint venture partners will drill the basement test to confirm the oil and gas potential of the deeper formations at Pinta Dome and pressure test the Permian Supai for recoverable helium reserves. The Dineh-Bi-Keyah Field north of Pinta Dome on the Navajo Nation of Apache County has produced in excess 18.3 million barrels of crude oil.
Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.
About Irwin Energy
Irwin Energy, Inc., based in Vancouver, B.C. was founded for the purpose of engaging in the exploration, acquisition, development and production of crude oil and natural gas, and other related activities. In the oil and gas arena, Irwin Energy seeks out low-risk opportunities to develop positive cash flow from proven and probable oil and gas plays. Irwin Energy plans to grow exclusively through efficient reinvestment of its internally generated cash flow in exploration and production operations, and through limited external financing to build ancillary businesses.
Contact:
Kenan Williams
604 608 0810
Or
Pavel Doukhine
604 608 0832
Email: info@irwinenergy.com
Copyright Copyright Hugin ASA 2006. All rights reserved.
SOURCE: Irwin Energy, Inc
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