HOUSTON, Jan. 17, 2006 (PRIMEZONE) -- Falcon Natural Gas Corp. (OTCBB:FNGC) announced today that the first well is successful in its multiple prospect project in Jeff David Parish, Louisiana, reaching a total depth on January 9, 2006 and has been cased for completion.
The Hilda Henry No. 1 well reached a total depth of 3,850 feet and has been logged and evaluated; casing has been run for completion operations. Falcon Natural Gas Corp, Bayou City Exploration, Petro Resources Corp. and Fairfield Resources Corp. have all elected to participate in the completion, which will commence as soon as a completion rig is contracted.
Falcon Natural Gas Corp. and partners plan to drill a second Jeff Davis Parish well (beginning of 2nd quarter) to a measured depth of 8,050 feet to test the Amph B through Siph d formations. Several additional prospects are currently under review in Jeff Davis and Calcasieu Parishes at the present time.
Falcon Natural Gas Corporation, based in Houston, is a Natural Gas exploration company focused on the acquisition and exploration of commercial prospects in onshore areas of the USA. For additional information visit www.falcongas.com.
Bayou City Exploration, Inc. is an oil and gas exploration firm focused in proven geologic trends in East Texas, the Gulf Coast of Texas and Louisiana. Based in Houston, Texas, Bayou City leverages its management team's long experience and multidisciplinary expertise in applying advanced 3-D seismic analysis, 3-D processing algorithms, amplitude attribute and imaging technologies to reduce the drilling risks by identifying the presence of economic hydrocarbons. The Company's database has more than 7,200 square miles of 3-D data, most of it covering Bayou City's focus area, as well as 13,000 miles of 2-D data.
This news release may include forward-looking statements, with respect to achieving corporate objectives, developing additional project interests, the company's analysis of opportunities in the acquisition and development of various project interests and certain other matters. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements contained herein.