HOUSTON, May 9, 2006 (PRIMEZONE) -- Stonebridge Resources Exploration, Ltd. (Pink Sheets:SBRX) is pleased to announce that, as a result of the successful reworking of the No. 4 well, management has decided to drill an additional well on the lease held by Christian Operating down to a depth of 12,800 ft. to explore further production opportunities.
The decision to engage in the drilling of an additional well comes on the heels of a recently acquired aged reserve report which, Stonebridge believes, provides crucial information to the further development of its Port Arthur assets. The report maintains that deposits in the producing formation of the oil and gas field will replenish every 10 years owing to its proximity to the Gulf of Mexico.
On its lease, Christian Operating's productive zones consist of 5 different areas, titled the Lower Hackberry. Christian Operating maintains that there has not been any production from the two lowest areas of its productive zones for well over a decade; consequently, there is considerable evidence to support the drilling of an additional well.
About Christian Operating Company
Christian Operating Company was established to facilitate the acquisition of Oil & Gas assets and oil and gas producing properties throughout the continental United States. Christian Operating Company is the Operator of Record on these acquired properties.
About Stonebridge Resources Exploration Ltd.
Stonebridge Resources Exploration Ltd., http://www.otcsbrx.com, is primarily engaged in the acquisition and development of oil and gas assets in continental North America. Stonebridge intends to continue to acquire in the oil and gas field and hopes to rework the new assets with technology to increase production and expand reserves.
Forward-Looking Statements
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