VANCOUVER, British Columbia, Feb. 4, 2005 (PRIMEZONE) -- Portrush Petroleum Corporation (TSX Venture Exchange:PSH) (OTCBB:PRRPF) wishes to announce that developments are underway on the company's oil and gas development projects.
Scanio/Shelton Well No. 9, Mission River, Texas
This well commenced drilling at midnight Wednesday, January 26th. and has already encountered a number of prospective oil and gas horizons similar to the other five wells all of which are on production. At 7:00 AM this morning the well was drilling ahead at 5,700 feet and the drilling contractor is anticipating two more days of drilling before reaching total depth.
The logistics of drilling a deep test on the property are still being worked on.
In addition to the paysands above 6,500 feet the operator is interested in the horizons from 8,000 to 8,500 feet because of previous production from 3 wells in the southwestern part of the lease. In 1937 the Sunray well produced one BCF of gas and flowed at an initial rate of 12 million cubic feet of gas per day from a single paysand at approximately 8,300 feet. A deep test will be designed to encounter these same sands.
Cranberry/Botha, Alberta
The company is awaiting an official confirmation from the operator regarding a re-entry or drilling a new location in the company's Alberta project. We anticipate the operator will decide on drilling a new location in preference to a re-entry. A drilling timetable is being finalized.
Information on the company can be obtained by calling (800) 828-1866 or at www.portrushpetroleum.com
ON BEHALF OF THE BOARD
/s/ M. Cotter President
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.