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Stealth Energy drills Hailstone No. 23-2 to 2,400 feet

2008-06-06 15:43 MT - News Release

Mr. John Campbell reports

SUCCESSFUL GAS WELL

Stealth Energy Inc. has drilled its second gas well (Hailstone No. 23-2) to a depth of 2,400 feet, and continuing to an approximate depth of 3,000 feet, in Stillwater county, Montana. A total gas monitor in the return fluid stream showed a significant gas increase peaking at approximately 600 units at a depth of 900 feet and again at approximately 100 units at a depth of 1,300 feet. These pay zones are classified geologically as the Frontier, a primary source for gas production in this area. Several commercial gas-producing wells in the region have reported similar comparable gas indicators at this stage.

Upon drill completion, the company will initiate a formal flow test for both Hailstone No. 23-1 and Hailstone No. 23-2, which will involve logging, perforating and intensive flow testing. The main SAGA gas pipeline runs approximately eight miles to the southwest and Stealth has now initiated a survey for multiple drill sites along this pipeline route over lease lands that the company owns.