Euromax Resources fka EOXFF

[Ed Monton]

Euromax ties Belly River E well into production


2008-02-26 03:59 MT - News Release

Mr. John Menzies reports

EYREMORE GAS WELL REPORTS GOOD FLOWS

Euromax Resources Ltd. has entered and completed the Belly River E pool in the 5-10-17-18W4. The well flowed 700,000 cubic feet per day from the co-mingled Belly River E, I and J pools, with a flowing tubing pressure of 675 psig constant for a 24-hour period with no water production.

The well is already tied into the gathering system and is on production. The wellhead is equipped with a manual choke which holds the drawdown on each zone to those from the tests in order to minimize the risk of coning water and thereby minimize operating costs and optimize recovery.

The company has a 25-per-cent interest in this well.

We seek Safe Harbor.