HOUSTON, Oct. 6, 2004 (PRIMEZONE) -- Cook Inlet oil reserves are estimated at about 76 million barrels and Frontier Oil and Gas (Pink Sheets:FOGL) intends to begin determination of oil reserves available, which may be commercially viable on the Fowler property. Although ninety percent of the regions recoverable oil reserves have already been produced, estimated reserves for recoverable oil in the region are still 76 million barrels and should continue to produce well into the next century.
Frontier believes that the possibility of proved oil reserves and gas reserves on the Fowler property in the Cook Inlet region are extremely high. The company has yet not recognized any proved reserves in its interest in the Cook Inlet, however estimated gas reserves of 3 million cubic feet for the region are extremely promising.
About Frontier Oil and Gas Ltd.
Frontier Oil and Gas LTD intends to become a worldwide company specializing in the extraction and production of oil and gas in partnership with Fowler Oil & Gas through both owned and leased properties within the Cook Inlet oil basin of Alaska.
Fowler Oil & Gas is looking to develop both oil and natural gas reserves located in the Cook Inlet oil basin in Alaska. Current Gas Reserve is a fully documented reserve with an estimated 1.9 trillion cubic feet within Cook Inlet.
Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, but not limited to, continued acceptance of the company's products and services, competition, new products and technological changes, as well as any and all "other risks" associated with business.