CALGARY, Alberta, May 21, 2004 (PRIMEZONE) -- Fred DaSilva, President of DMT Energy, Inc. ("DMT" or the "Company") (Pink Sheets:DMTY), announces that the Company has started the process to conduct its Seismic Program on its Granada Prospect in Guadalupe County, New Mexico.
Mr. DaSilva stated, "This is the first in a series of significant steps in developing a prospect that the company feels to be a key area as demonstrated by its commitment through the acquisition of 21,203 acres. Initially the seismic program will cover a minimum of 20 miles. The company has contacted Veritas DGC Inc. to put together a seismic program for the Granada prospect. It is the company's intention to initiate the seismic program once a seismic crew is available. Upon completion of the seismic program and reprocessing of the seismic data, the company plans to drill its first well immediately thereafter."
The discussions with a prospective joint venture partner are ongoing and the company hopes to have an agreement in place prior to commencement of the seismic program on Granada.
The company continues to pursue and evaluate potential prospects both in the U.S. and Canada that would continue to enhance shareholder value and maximize return on investment.
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.
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