HOUSTON, Sept. 29, 2004 (PRIMEZONE) -- Frontier Oil and Gas (Pink Sheets:FOGL) plans to begin the process of accessing the estimated gas reserves available in the Fowler's site located in the Tertiary Tyonek Formation of the Cook Inlet Basin. Frontier needs to confirm gas reserves and determine both rate of flow and the commercial viability of any discovered gas reserves. Current gas reserves for the Cook Inlet Basin are a fully documented reserve estimated by the State of Alaska for the Cook Inlet Basin Region.
http://www.dog.dnr.state.ak.us/oil/programs/shallowgas/coalbed_methane.htm
Cook Inlet basin, located in south-central Alaska where the Fowler property is located, is approximately 250 miles from north to south and 70 miles wide. The basin contains coal deposits within the Tertiary Tyonek Formation across its entire extent and within the Chickaloon Formation at its northeast corner. These coals are part of an extensive continental depositional system in the Tertiary that exceeds 26,000 feet in thickness at the basin center. Tyonek coals beds are abundant and continuous, exceeding 40 feet in thickness.
Frontier Oil and Gas LTD intends to become a worldwide company specializing in the extraction and production of oil and gas in partnership with Fowler Oil & Gas through both owned and leased properties within the Cook Inlet oil basin of Alaska.
Fowler Oil & Gas is looking to develop both oil and natural gas reserves located in the Cook Inlet oil basin in Alaska. Current Oil Reserve is an unproven reserve with an estimated 2 billion barrels in the Cook Inlet Basin. Current Gas Reserve is a fully documented reserve with an estimated 1.9 trillion cubic feet in the Cook Inlet Basin.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.