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Best part of PRVB news...

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Powder River Basin Gas Corp. (PRVB) announced it has completed the purchase of an Oil and Gas project in Goliad County, Texas, containing approximately 2500 acres of proven reserves. An independent engineering report completed on November 21, 2005 shows proven reserves of 776,000 barrels of oil and 17.4 BCF of gas. This property immediately adds proven reserves Discounted at P.V. 10% of $77,389,500 to Powder River Basin Gas Corp.'s holdings. The Company plans to drill 14 wells in the Gulf Coast Frio sand, which is under 4000 feet.

Drilling on the project will commence immediately following the holiday season, with the first wells expected to be in production by the end of January, 2006. Gas infrastructure is in place. Due to confidentiality agreements between all parties the price and terms of the purchase will not be disclosed at this time, however it is a cash purchase with no stock in PRVB involved.