HOUSTON, Oct. 3, 2006 (PRIMEZONE) -- Falcon Natural Gas Corp. (OTCBB:FNGC) is pleased to announce today that the S.J. Weido No. 2 well, operated by Stanotex, LLC, has stabilized at an average rate of 33 barrels of oil per day (BOPD).
The well reached a total depth of 3,696 feet and logged 43 feet of net pay from multiple zones and is currently producing from the Lower Frio.
Falcon Natural Gas Corp. along with its partners in this prospect, TransAtlantic Energy Partners LP and Stanotex, LLC have begun the evaluation process for potential offsets to this well.
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.
TransAtlantic Energy Partners LP is an oil and gas exploration firm focused in proven geologic trends in the Gulf Coast of Texas and Africa.
Stanotex, LLC, based in Katy, Texas, is a Gulf Coast exploration company focused on salt dome development and shallow Gulf Coast development opportunities. The principals of Stanotex have over 90 years of combined oil and gas operations and exploration experience. The Weido No. 2 well is the first of a six well program in the Brookshire dome to be operated by Stanotex.
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.