NEWS -
Stonebridge Resources Completes 3 Wells On Kansas Properties
HOUSTON, Apr 12, 2007 (PrimeNewswire via COMTEX) -- Stonebridge Resources
Exploration Ltd. (Pink Sheets:SBRX) (Frankfurt:S3C) has completed three of the 4
wells located on the Ewing B lease property in Kansas. The three re-worked wells
are each producing 15 bbls of oil per day. Stonebridge expects to complete the
re-working of the fourth well by next week. The Company will continue to re-work
wells located in the Squirl and Bartelsville zones to develop increased
production flow rates for the overall field. "We expect flow rates from these
wells to continue to increase as re-work continues. The wells should produce
flow rates up to 4-6 months," stated Stonebridge President, Phillip Christian.
The Company has 120 producing wells on the Kansas properties.
Stonebridge Resources Exploration, Ltd.
Stonebridge Resources Exploration, Ltd., www.otcsbrx.com has embarked on a new
direction which is primarily engaged in the acquisition, development,
exploration and production of crude oil and natural gas. Its focus has shifted
to aggressively acquiring working interests in crude oil and natural gas
properties. The company intends to use modern development methods along with
improved drilling technologies to increase well production by up to 500%. The
company's goal is to achieve a high return on its investment by limiting its
acquisition costs and by practicing sound and intelligent approaches to oil and
gas exploration and development.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995. Statements in this release
that are forward-looking statements are based on current expectations and
assumptions that are subject to known and unknown risks, uncertainties, or other
factors which may cause actual results, performance, or achievements of the
company to be materially different from any future results, performance, or
achievements expressed or implied by such forward-looking statements. Actual
results could differ materially because of factors such as the effect of general
economic and market conditions, entry into markets with vigorous competition,
market acceptance of new products and services, continued acceptance of existing
products and services, technological shifts, and delays in product development
and related product release schedules, any of which may cause revenues and
income to fall short of anticipated levels. All information in this release is
as of the date of this release. The company undertakes no duty to update any
forward-looking statement to conform the statement to actual results or changes
in the company's expectations.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: Stonebridge Resources Exploration Ltd.
By Staff
CONTACT: Stonebridge Resources Exploration, Ltd. Investor Relations Steve Christian (281)-894-6300
(C) Copyright 2007 PrimeNewswire, Inc. All rights reserved.
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INDUSTRY KEYWORD: Mining & Metals
SUBJECT CODE: OIL
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