Fidelis Energy (FDEI)

[rossi]

The average daily production rate for the month of December totaled 2.982 Mmcf per day. The "Archer-Whitney #1 well" produced a total of 55.378 Mmcf, up from last month's 51.094 Mmcf, and the "Archer-Wildlands #1 well" produced 37.065 Mmcf, also up from last month's 36.839 Mmcf.

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.