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Tuesday, January 10, 2006 2:06:45 PM
Fidelis' 35% working interest in the two wells totals 32.335 Mmcf to the Company. The PGE-Citygate gas price of Jan. 3, 2006, was quoted at $8.92 per mcf.
Fidelis continues to prepare for the drilling of the "Archer-F 1" deep Forbes test and is currently in line for a drilling rig. The window of availability is between the end of January and February 15. Fidelis will update new information when forthcoming from the operator.
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