CALGARY, Alberta, March 19, 2004 (PRIMEZONE) -- DMT Energy, Inc ("DMT" or the "Company") (Pink Sheets:DMTY) reports that it has been advised by Transaction Oil & Gas Ventures Inc ("Transaction" or the "Operator") that the service rig is in transit to the Wainwright 1-6 well site. Transaction has advised that it will be re-entering and perforating the 1-6 well within 24 to 48 hours at which time we well be in a position to test the flow rate of the target zone. We anticipate extremely favorable results and we will provide updates as they are available.
Fred DaSilva, DMT President & CEO states, "Our management team's technical knowledge is continuing to demonstrate its ability to source successful projects in the oil and gas industry as demonstrated by Acadia and potentially Wainwright. In addition the company is continuing with its aggressive acquisition strategy of lands and continues to seek additional opportunities to enhance shareholder value and will be providing updates on these matters as they unfold."
For further information please contact Fred DaSilva, President & CEO at 403-264-7869.
Certain information and statements included in this news release constitute `forward-looking' statements within the meaning of the Private Securities Litigation Reform 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.
HTML: http://newsroom.eworldwire.com/wr/031904/10109.htm
PDF: http://newsroom.eworldwire.com/pdf/031904/10109.pdf
ONLINE NEWSROOM: http://newsroom.eworldwire.com/1962.htm