HOUSTON, July 11, 2006 (PRIMEZONE) -- Falcon Natural Gas Corp. (OTCBB:FNGC) with WhitMar Exploration Company has begun the first well of their planned drilling project located in Latimer County, Oklahoma. The South Wilburton Prospect will target the Spiro formation. The Spiro formation is one of the main natural gas producing formations in the area with a track record of excellent production. Total drilling depth is expected to reach 14,700 feet. Surface facilities are located nearby and no issues are expected.
Falcon Natural Gas Corp. has purchased 16.67% of the working interest in the Mabry 1-13 Well, South Ridgeway Prospect. Falcon also will pay 16.67% of all well costs and G&G costs, third party prospect fees, land brokerage costs, lease bonus and all other similar costs of the prospect.
The drilling area in central east Oklahoma was chosen because of its location within one of the larger natural gas producing areas of North America. The comprehensive infrastructure and enormous industrial resources make it an ideal drilling area.
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 U.S.A. For more information visit www.falcongas.com.
Founded in 1979, WhitMar Exploration Company is a private energy company with offices in Denver, Colorado and Houston, Texas. The company is actively engaged in the drilling and development of natural gas and oil prospects in the continental United States, with primary focus on natural gas in the Mid-Continent, Rocky Mountain, and Gulf Coast regions. www.whitmar.com/index.htm