CALGARY, Alberta, Canada, June 28, 2004 (PRIMEZONE) -- DMT Energy Inc. ("DMT" or the "Company") (Pink Sheets: DMTY) announces that it has entered into an agreement with Endless Energy Corporation (TSX-Venture Exchange:EEC) ("Endless") and Eastland Exploration JV ("Eastland") both of Calgary, for the re-entry of a well at Redwater.
Fred DaSilva, DMT President and CEO announced, "We are pleased to be participating in yet another project with both Endless and Eastland. We expect this well to provide a stable revenue stream for the company and its shareholders in keeping with our business strategy to seek out low-risk, high-revenue potential projects in both Canada and the U.S. Our Canadian assets and opportunities combined with our New Mexico prospects provide balanced growth potential and supports our goal to build a significant independent exploration and production company.
"Redwater, being the home of the largest oil find ever made in Canada back in 1948 by Imperial Oil Ltd, is an exciting place for our company and partners to be active in at this time," he added.
The company will report further progress on Redwater as results are received.
Further information is available by contacting Fred DaSilva, President and CEO, at 403-264-7869.
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.
HTML: http://newsroom.eworldwire.com/wr/062804/10404.htm PDF: http://newsroom.eworldwire.com/pdf/062804/10404.pdf ONLINE NEWSROOM: http://newsroom.eworldwire.com/1962.htm LOGO: http://newsroom.eworldwire.com/1962.htm