ADMIRAL BAY PROVIDES OPERATIONAL UPDATE
- To date in 2006, the Company has drilled over 155 wells
Centennial, Colorado 3 October 2006
Admiral Bay Resources Inc. (TSX.V: ADB) is pleased to provide an update on its 2006 Development Program. Under the Program, the Company has targeted the drilling of 200 wells across all projects for 2006. To the end of September, the Company has now drilled 157 wells at its Kansas gas projects, bringing the total number of wells drilled and/re-activated in Kansas to 255 wells. The Development Program has focused on the Shiloh and Mound Valley projects, with the drilling of 103 wells at Shiloh and 48 wells at Mound Valley. In addition, Admiral Bay has drilled 4 wells at the Devon project and 2 initial test wells at Santa Rita project. The Company has also installed over 28 miles of pipeline to date in 2006.
There are currently 111 wells at the Shiloh and Devon projects on production, which are at various stages in the dewatering process. In addition, the first 19 wells at Mound Valley are dewatering and will be placed on production shortly. With increased availability of the pressure pumping services in the project area, Admiral Bay can now focus on completing and putting in to production, its large inventory of wells drilled during the summer months.
The Company continues to increase its CBM expertise in the field with the recent hiring of Mr. Lee Corbett, the former Production Supervisor with Quest Resource Corporation, a significant gas producer in the Cherokee Basin. Mr. Corbett will fill the same position with Admiral Bay and will be responsible for the implementation of the Company's Development Plan at its Kansas projects.
In addition, Questa Engineering Corporation of Golden Colorado, the Company's reserve engineers, are nearing completion of an updated reserve report for Admiral Bay's Kansas and Pennsylvania projects. The report will be as at July 31, 2006 and is expected to be released within the next 45 days.
