PrimeGen Energy Corp. (PGNE)

[1upandaway]

third quarter should be very good, another pr this week

The second well has been titled as the "Kochmesskoye #2" and anticipated to reach a target depth by Wednesday, July 22, 2009. As part of the accelerated drilling program a third well is scheduled for immediate drilling shortly after the completion of the second well. The first well of the project was drilled and completed in the second quarter of 2009 and resulted in setting a new production record for the field of 1,200 barrels of oil per day. PrimeGen expects that an additional 5-8 wells will be drilled during the third quarter of 2009.