Powder River Petroleum International Inc (fka PWDR)

[mhlld]

Powder River Begins Development in Goliad County
Tuesday February 14, 11:42 am ET

CALGARY, Alberta--(BUSINESS WIRE)--Feb. 14, 2006--Powder River Basin Gas Corp. (OTCBB:PRVB - News), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has begun development in Weesatche Field, a part of the recently acquired Goliad County, Texas project.

The J.P. Green #1 well is scheduled to be spudded in on the 21st of February. The well is planned to be drilled to a target depth of 4,000 feet, and is expected to take approximately five days to drill. The well will encounter the Frio gas sands at 2300 feet. The incremented cost of exploring the additional 1700 feet is determined to be a sound investment on this first well, as it will prove up the lower zones.

Crews are currently installing the fresh water pits and preparing the well site, while also creating service access for the well completion.

The A.F.E. to complete the #1 J.P. Green well to production is estimated at $177,400 and will be financed through the Asian marketing program.

"We are pleased to begin development of the Weesatche Field, as this is expected to greatly enhance Powder River's oil and gas production," stated Powder River Basin Gas Corp. CEO Brian Fox.

Powder River Basin Gas Corp. is active in production, acquisition, and marketing of crude oil and natural gas properties.

Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB.

This press release may contain "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described herein. Although the Company believes that the expectations in such statements are reasonable, there can be no assurance that such expectations will prove to be correct.

Powder River Basin Gas Corp. (OTC Bulletin Board:PRVB - News)



Contact:
Powder River Basin Gas Corp.
Stephanie Edgemon
Investor Relations
[phone]
[e-mail]
www.powderrivergascorp.com

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Source: Powder River Basin Gas Corp.

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