SALT LAKE CITY, June 15, 2004 (PRIMEZONE) -- Omega Ventures Group Inc. (OTCBB:OMGV) subsidiary, Western Gas Corporation, announces update of Manahuilla Creek Gas Well work program.
The Operator (P.B. Energy Partners) perforated a 60 foot section of the Yegua formation of the BB Gayle #1 well. Flat Rock Energy has prepared a summary and recommendation for further testing of the well beginning Monday June 21, 2004.
This testing will include down hole logging with a sonic logging device that will help pinpoint the exact areas of gas flow. Following the testing will be an engineering evaluation of the well which will probably include a recommendation to perforate additional upper zones.
The BB Gayle #1 well is the first well at the Manahuilla Creek prospect and is situated on 1,265 acres of leased land located in Goliad County, Texas.
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.