SALT LAKE CITY, June 1, 2004 (PRIMEZONE) -- Publicly traded Omega Ventures Group Inc. (OTCBB:OMGV) subsidiary, Western Gas Corporation, announces Manahuilla Creek drilling results.
The Manahuilla Creek well, the BB Gayle number 1, has been drilled to a depth of 7,000 feet. When logging was completed the casing was set from 7,000 feet to the surface and cemented from 5,000 feet.
The targeted Yegua formation was encountered from 6,150 feet to 6,798 feet. In that section, detailed log analysis indicates a net pay zone of over 60 feet.
The operator, P.B Energy Partners, plans to perforate the 60 foot zone with a strip gun at six shots per foot.
The BB Gayle number 1 is scheduled to be perforated and flow tested on Friday June 4th, 2004.
Western Gas Corporation owns a 2.5% working interest (W.I) in the well and 1.875% net revenue interest (NRI).
Further updates will be released upon completion of the well.
By the Board of Directors
The foregoing contains forward looking statements. For this purpose any statements contained in this document that are not statements of historical fact may be deemed to be forward looking statements. Without limiting the foregoing, such works as "may", "will", "believes", "anticipates", "estimate", "continue", or comparable terminology intends to identify forward looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending upon a variety of factors, including but not limited to, the successful negotiation and execution of the definitive acquisition agreement and receipt of certain exhibits and schedules requested by Omega Ventures Group, Inc.