VANCOUVER, British Columbia, Feb. 15, 2006 (PRIMEZONE) -- Habanero Resources Inc. ("Habanero") (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) is pleased to announce that it has been informed by the operator of the Boyne Gas prospect that the seismic data collected for the prospect has been interpreted and is encouraging. According to the operator, "The geophysical consultant's interpretation of the seismic, two drill target anomalies exist on the property. Seismic evidence collaborates (confirms) our original geologic assumptions indicating the presence of three zones in one drill target and two in the other. The zones are referred to as: Upper Grand Rapids A sand, Upper Grand Rapids B sand, and the Viking sand. Furthermore, the seismic result has indicated which adjacent lands the company (the participants) should undertake to acquire in order to expand the play." The first well is expected to be drilled shortly barring any unforeseen events.
The seismic program was comprised of three seismic lines for a total of 8.6 km. The lines tie in the neighbor's successfully tested well (3.4 million cubic feet of gas per day absolute open flow) three quarters of a mile northwest of the property and in addition also incorporate parts of two neighboring sections along with the Boyne Prospects owned section.
In other news, a decision regarding an Oil Sands consortium (announced January 30, 2006) is expected within days.
Jason Gigliotti, President of Habanero stated, "These are very opportune times for any company with Alberta Oil Sands exposure. Recent land sales in Alberta netted a new record for sales which shows a tremendous appetite by Canadian and international company's that want to be a part of the Alberta Oil Sands. Currently, Habanero is one of if not the smallest market capitalized companies that has exposure to the Alberta Oil Sands and if we are able to secure additional Oil Sands assets that would solidify our growth strategy. When you couple our existing Oil Sands project with the upcoming conventional oil and gas drilling programs and that we currently have met all our cash obligations and have excess cash on hand for new projects, these clearly are exciting times for Habanero."
Habanero is an emerging junior oil and gas company focused on oil and gas exploration and production in North America. Habanero is one of, if not the smallest market capitalized companies that has exposure to the Alberta Oil Sands. Habanero's goal is to become a mid range oil and gas producer. Habanero currently has interests in operations located on multiple oil and gas fields located in Texas, Saskatchewan and Alberta.
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BY ORDER OF THE BOARD OF DIRECTORS "Jason Gigliotti" Jason Gigliotti, President
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