Five and Under

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FRCD news...Fairchild International secures interest in multi-well gas drilling program
VANCOUVER, April 9 /PRNewswire-FirstCall/ - Fairchild International Corporation (OTCBB:FRCD - news) is pleased to announce that the company has finalised an agreement to participate in a multi-well natural gas drilling program located in California.

Fairchild International has secured a 5% working interest in a 4 well drill program located in the East Corning Project in Tehama County, California. The project is 100 miles north of Sacramento within the main Forbes depositional fairway at the northern portion of the Sacramento gas trend. To date, Fairchild's partners, who include Olympic Resources (ORL.V), have acquired and reprocessed 2D seismic data and interpretation, land leases and a recently completed 3D field survey, which has identified several promising prospects.

The East Corning property lies adjacent to the Corning gas fields to the east and directly north of the Rice Creek gas field. It is analogous to the East Rice Creek field and is one of the few under explored regions remaining in California. 3D coverage directly south of the project has established numerous pools including Rice Creek (35 BCF, primarily Forbes) and Malton Black Butte Field (132 BCF, Kione and Forbes production). The closest significant Forbes production to the project area is from Rice Creek where production from the lower Forbes section is most common.