BYCX---NEWS--UP 1.05--Congrats to those in--1.05--Oh wow!!
Petro Resources Corporation Announces Successful Wells
1/23/2006
HOUSTON, TX, Jan 23, 2006 (MARKET WIRE via COMTEX) --
Petro Resources Corporation, ("the Company") (OTC: PRCT) today announced drilling successes in two wells operated by Bayou City Exploration (OTC BB: BYCX); the Mary Lyne #1 located in Live Oak County, Texas and the Hilda Henry #1 located in Jefferson Davis Parish, Louisiana. The wells have been logged, formation tested, evaluated and cased for completion operations. The Company has elected to participate in the completion attempts. It is anticipated that the wells will be completed and sales commenced during the first quarter of 2006. The Company has a 25% working interest in the Mary Lyne #1 and a 12.5% working interest in the Hilda Henry #1.
The Company also announced that its four successful Frio wells are all on currently completed and producing. The last well in the Frio program is waiting for a drilling rig to commence operations. From its inception to present, the Company has participated is six successful exploratory wells out of seven attempts.
About Petro Resources Corporation:
Petro Resources Corporation is an independent exploration and production company focused on domestic lease acquisitions, exploration, and oil and gas production.
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