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Well Renewal Completes Drilling of Gas Wells in Northeastern Oklahoma
TULSA, Okla., April 12, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW), an emergent diversified oil and gas regional operator, specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties, oil field services, and petrochemical distribution, today announced it has successfully completed the initial gas wells that have been drilled on the Birdsall lease and on the Ward lease in Northeastern Oklahoma.


Mr. David Rees, Chairman and CEO of Well Renewal commented on the initial completion process, "The opportunity to drill an additional 6 wells on the Ward lease as well as 14 more wells on our Liston lease acreage has our production division moving along quite satisfactorily. The open hole log on the Ward and Birdsall gas wells, that have already been drilled, show significant possibilities". Mr. Rees continued, "Northeastern Oklahoma is prolific with coal bed methane and Well Renewal has staked its claim to this largely underdeveloped Northeastern Oklahoma Shelf."

As the continuing completion documentation becomes available, WRNW will continue to update the results. WRNW is pleased with the anticipated 150 MCF per day from the initial wells and will upon the completion of a minimum of 15 wells on the Birdsall and 5 additional wells on the Ward expect in the region of $2,000,000 in further annual revenues from these leases. WRNW also expects up to 50 bopd from the same leases and if successful would add approximately $1,000,000 more in annual revenues.