Replies to post #79001 on Value Microcaps Motherboard

[bbotcs]

rrufff: ASPN

I'm out but will get back in when I think the time is right for ngas stocks to run. This is a great way to play ngas, imo.

bbotcs

[Knowledge is King]

ASPN PR out...

(PR Wires) PRW: Aspen Hits Seventeen in a Row
PRW: Aspen Hits Seventeen in a Row

DENVER, CO -- (MARKET WIRE) -- 09/24/07 --
Aspen Exploration Corporation (OTCBB: ASPN), with offices in Bakersfield,
California, and Denver, Colorado, announced today it has drilled a new gas
well located in the Sacramento Valley gas province of northern California.
The Harlan #1-24 well, located in the West Grimes Gas Field, Colusa
County,California, was drilled to a depth of 8,250 feet and encountered
approximately 70 feet of potential gross gas pay in several intervals in the
Forbes formation. Production casing was run based on favorable mud log and
electric log responses. This was the seventeenth successful gas well out of
seventeen attempts by Aspen in this field. Aspen has a 34% operated working
interest in this well. Aspen is also in the initial permit phase of a 10
square mile 3-D seismic survey in this area in which Aspen owns a 32%
operated working interest.
In the Sacramento Valley, Aspen has drilled 37 successful gas wells out of
40 attempts during the last 4 years (93% success rate) and drilled 45
successful gas wells out of 52 attempts during the last 6 years, a success
rate of 87%. Aspen currently operates 63 gas wells and has non-operated
interests in 21 additional wells in the Sacramento Valley of northern
California and has non-operated interests in approximately 33 oil wells in
Montana.
Future news releases will keep shareholders informed of Aspen's continuing
progress and drilling activity. Aspen's stock is quoted on the OTC Bulletin
Board under the symbol ASPN.OB. For more information concerning Aspen,
contact Bob Cohan, President and CEO, in Aspen's Bakersfield office at (661)
831-4669. Aspen's web page can be found at www.aspenexploration.com.
DISCLAIMER
This news release contains information that is "forward-looking" in that
itdescribes events and conditions, which Aspen Exploration Corporation
("Aspen") reasonably expects to occur in the future. Expectations for the
future performance of the business of Aspen are dependent upon a number of
factors, and there can be no assurance that Aspen will achieve the results
as contemplated herein and there can be no assurance that Aspen will be able
to conduct its operations or production from its properties will continue as
contemplated herein. Certain statements contained in this report using the
terms "may," "expects to," and other terms denoting future possibilities,
are forward-looking statements. The accuracy of these statements cannot be
guaranteed as they are subject to a variety of risks, which are beyond
Aspen's ability to predict, or control and which may cause actual results to
differ materially from the projections or estimates contained herein. These
risks include, but are not limited to: the possibility that the described
operations (including any proposedexploration or development drilling) will
not be completed on economic terms, if at all, or the estimates of reserves
may not be accurate. The exploration for, and development and production
of, oil and gas are enterprises attendant with high risk, including the risk
of fluctuating prices for oil and natural gas, imports of petroleum products
from other countries, the risks of not encountering adequate resources
despite expending large sums of money, and the risk that test results and
reserve estimates may not be accurate, notwithstanding appropriate
precautions. Many of these risks are described herein and in Aspen's annual
report on Form 10-KSB, and it is important that each person reviewing this
report understand the significant risks attendant to the operations of
Aspen.Aspen disclaims any obligation to update any forward-looking statement
madeherein.
ASPEN EXPLORATION CORPORATION
2050 S. Oneida St., Ste. 208
Denver, CO 80224-2426
Telephone: [phone]
Fax: [phone]
Email: [e-mail]
Web Site: www.aspenexploration.com
Contact: Bob Cohan Company: Aspen Exploration Corporation Phone:
661-831-4669 Fax: [phone] Email: [e-mail] URL:
http://www.aspenexploration.com
(END) Dow Jones Newswires
September 24, 2007 11:34 ET (15:34 GMT)
*** end of story ***