OTCBB ALERTS

[jbones001]

edne (.56) Eden Energy Provides Operational Update in White River Dome Field, Piceance Basin, Colorado

Monday, December 31 2007 1:33 PM, EST Business Wire "US Press Releases "
VANCOUVER, British Columbia --(BUSINESS WIRE)--
Eden Energy Corp. (OTCBB:EDNE) is pleased to provide an update on its operations in the White River Dome field in Colorado . Eden has drilled two new wells and is performing workover operations on two existing wells in the White River Dome project.
AHU 18-23. The 18-23 well has been drilled to total depth of 7,710 feet and completion operations began on November 5th . A total of 64 feet of sand and gas-bearing coals were perforated and fracture stimulated and the well has begun to freely flow gas. High pressures in this well have allowed most of the frac fluids to be recovered, however cold weather in Colorado has delayed tie-in operations. Eden expects to have this well tied in to sales by early in 2008.
AHU 8-12. The 8-12 well has been drilled to a total depth of 8,475 feet and completion operations are continuing. The Mesaverde Formation in the 8-12 well was highly fractured, which has increased the operations time for this well. A total of 72 feet of coal and gas-bearing coals were perforated and fracture stimulated. Extremely cold weather in Colorado has delayed flowback operations on this well and we have temporarily suspended operations until the weather improves.
LF 17-21. The 17-21 well is the first of Eden's previously drilled wells to be recompleted in order to increase gas rates. A total of 20 feet of new perforations were added to the coal interval and 52 feet of sand was fracture stimulated in this well. The well has been put on pump and on December 29 was producing at about 130 mcfd while continuing to unload frac fluids. The well is tied in to sales.
LF 17-42. The 17-42 well was not producing prior to the commencement of workover operations. A total of 28 feet of new perforations in the coal interval were added and new fracs over 50 feet of sands were performed. The well began to flow on December 2nd and is continuing to produce gas and frac fluids. Eden expects to have the well tied in to sales in early January.
Donald Sharpe, president of Eden Energy, commented, "We are happy with the results of these new wells and particularly pleased with the recompletion operations on our existing wells. We've increased our understanding of the White River Dome field and the recompletion results are gratifying and encouraging. The cold weather has caused us some operational grief and set back our timelines somewhat, but we expect to have all of these wells tied in and producing early in 2008."
General:
Eden Energy Corp. focuses on large-scale oil and gas projects with significant resource potential. Its Noah project in eastern Nevada contains exceptionally rich source rocks, large thrusted fault blocks, and an excellent potential reservoir rock. The Chinchaga prospect in Northern Alberta also targets dolomitized Devonian reservoirs and its large resource potential fits well with the Company's goals. These high-potential projects are balanced by the lower-risk development project at White River Dome in Colorado .
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements include, among other things, the drilling of the Noah prospect to total depth, the length of time to drill to total depth, potential reservoir rock in the Noah Project, the production rates of the White River Dome wells, the timing of tying in the White River Dome wells, and the low-risk development of the White River Dome Project.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with oil and gas exploration; changes in reserve estimates, if any; the potential productivity of our properties; changes in the operating costs and changes in economic conditions and conditions in oil and gas exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2006 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time to time with the Securities and Exchange Commission .
Eden Energy Corp.
Regarding the company and any of its projects, please contact Donald Sharpe at Eden Energy Corp. at 1-866-693-1100 or email: [e-mail].
Source: Eden Energy Corp.