CALGARY, Alberta, Canada, Dec. 08, 2003 (PRIMEZONE) -- DMT Energy, Inc ("DMT" or the "Company") (Pink Sheets:DMTY) is pleased to announce that it has been notified by its joint venture partner Endless Energy Inc ("Endless") that a service rig has been secured to commence testing at Acadia. The rig is scheduled to be on site Thursday December 11 and testing will begin immediately. It is anticipated that testing will be conducted over 3 -- 4 days in order to evaluate 3 prospective zones to determine flow rates and deliverability. It is anticipated that well tie in will occur immediately after testing since infrastructure and facilities are conveniently located nearby.
Fred DaSilva, DMT President & CEO, stated "We are excited with the outcome of this project and are delighted to lay our Company's initial foundation in Acadia with Endless. Our long term objective is to continue enhancing shareholder value through each of our prospects and partnerships in turn giving us an above average return on investment."
Mr. DaSilva also stated that "DMT's website is now operational, www.dmtenergyinc.com and we will be adding all relevant details and information relating to our prospects & projects in the coming weeks."
For further information please contact Fred DaSilva, President at 403-264-7869 or Giuliano Tamburrino, CFO at 403-297-9238.
Certain information and statements included in this news release constitute "forward-looking" statements within the meaning of the Federal private Securities Act of 1995. Such forward-looking statements include known and unknown risks, uncertainties and other factors, which may cause the results, performance, or achievements of the Company to be materially different from any further results, performances, or achievements expressed or implied in such forward-looking statements.
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