VANCOUVER, British Columbia, Dec. 15, 2006 (PRIME NEWSWIRE) -- Habanero Resources Inc. ("Habanero") (Pink Sheets:HBNRF) (TSX-V:HAO) (Frankfurt:HRJ) wishes to announce that management has been informed that seismic operations on one of the Athabasca Oil Sands Prospects (Leismer) that Habanero has a 16.67 % net interest in is now underway. Test drilling on this Athabasca Oil Sands Prospect (Leismer) is also expected to commence shortly. The seismic operations and test drilling will assist in delineating the potential size of the Oil Sands resource in place. This prospect lies directly between and adjacent to Petrobank who has reported to have 658 million barrels of recoverable bitumen in place and North American Oil Sands, a private Oil Sands company that recently completed a $56.5 million placement to advance their Oil Sands operations. Please refer to the map on the company's web page for more details.
Jason Gigliotti, President of Habanero stated, "It is great news that the operations on this Athabasca Oil Sands Prospect are now underway. Thus Habanero will have interests in two separate Alberta oil sands prospects that are actively being worked on. Habanero is probably one of the smallest market-capitalized companies that could say they have an interest in two separate Alberta Oil Sands prospects that are being worked on simultaneously. We feel that 2007 may be a turning point for Habanero as these Oil Sands prospects are advanced."
Habanero is an emerging junior oil and gas company focused on oil and gas exploration and production in North America. Habanero is one of, if not the, smallest market-capitalized company that has interests in five separate Oil Sands prospects, including having exposure to approximately 55,000 acres of oil sands interests though its equity ownership in Andora Energy Corporation ("Andora"). Habanero currently earns conventional oil and gas revenue from multiple wells located in North America. Habanero's goal is to become a mid-range oil and gas producer. Habanero owns 700,000 common shares of Andora.
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BY ORDER OF THE BOARD OF DIRECTORS "Jason Gigliotti" Jason Gigliotti, President
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