HOUSTON, Aug. 8, 2006 (PRIMEZONE) -- Falcon Natural Gas Corp. (OTCBB:FNGC), with Bayou City Exploration, has begun producing from the first well in their planned drilling project. The Gemini Prospect is located in southwest Louisiana just north of the town of Iowa. The well is currently producing Natural Gas to the pipe line at the rate of 310 MCF/D, with plans to increase this rate slowly over the coming weeks.
The drilling area in southwest Louisiana was chosen because of its location within one of the largest natural gas producing areas of North America. The comprehensive pipeline 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.
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, 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. For more information, go to www.blueridgegroup.com.
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.