CALGARY, Alberta, March 22, 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 has completed perforation of the target zones on the Wainwright 1-6 well with testing to commence within days. It is anticipated that testing will be conducted over a 3 to 4 day period to evaluate the newly perforated zones in order to determine flow rates and deliverability.
Fred DaSilva, DMT President & CEO states, "We are pleased to have received encouraging data from the 1-6 well at this time with testing results becoming available within days. The Wainwright 1-6 well fits our long term objective of enhancing shareholder value through each of our prospects and partnerships in turn giving us an above average return on investment."
Updates on Wainwright and additional corporate matters will be made available as they unfold.
For further information please contact Fred DaSilva, President and 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.
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