CALGARY, Alberta, Sept. 28, 2004 (PRIMEZONE) -- DMT Energy, Inc. ("DMT" or the "company") (Pink Sheets:DMTY), is pleased to announce that it has completed its Seismic Program in Guadalupe County, New Mexico. Fred DaSilva, President of DMT Energy Inc. said that Lockhart Geophysical of Denver, CO, completed the seismic work over the weekend of Sept. 25. "It was originally anticipated the work would take seven days, but due to bad weather the program was extended by a few days. Everything went extremely well on the 21 miles of seismic that was conducted, and the quality of data was quite high according to Lockhart Geophysical," added DaSilva.
The seismic data is now going to be sent to Calgary, Alberta where it will undergo processing and interpretation. "We are very excited and anxious as to the outcome of the data so that we may advance further on this project and drill two wells in an area that is very significant to the future of the company (30,000 acres)," DaSilva commented. "DMT has already invested approximately $500,000 USD in New Mexico. For a junior company, that is a significant capital expenditure, which we feel is a good investment as we believe it will be a core area for DMT to grow. It is anticipated that within two weeks we will have the results of the seismic data and be in a position to implement a more definitive drilling program."
The company will report further progress as results are received. Further information may be obtained by contacting Fred DaSilva at 403-264-7869.
The company continues to pursue and evaluate potential prospects both in the U.S. and Canada that would continue to enhance shareholder value and maximize return on investment.
Certain information and statements included in this news release constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include known and unknown risks, uncertainties and other factors, which may cause the results, performance, or achievements of the company to be materially different from any further results, performances, or achievements expressed or implied in such forward-looking statements.