Company Increases Drilling Program to Five Onshore Wells
CALGARY, Feb. 1 /CNW/ - Ecosse Energy Corp. (CNSX: ECS) a company focused on oil exploration and production in Indonesia, today announced it is increasing its 2010 drilling program to 5 on-shore wells from the original planned 3 wells on its Bengkulu PSC in South Sumatra Indonesia.
The Company also announced that it is conducting pre-tender evaluation of drilling contractors for the on-shore drilling program.
"Ongoing Geological and Geophysical work by the Company in Canada and Indonesia has confirmed two new onshore prospects that will increase our drilling program from three to five onshore wells for 2010," said Alan Morrison, President and CEO of Ecosse Energy Corp. "We are curently also evaluating our associated offshore acreage to firm up our drilling prospects for a future offshore driling campaign. Both onshore and offshore resources are being independently evaluated and updated 51-101 reports will be filed shortly."
About the Company
Ecosse Energy Corp. was incorporated under the Canada Business Corporations Act and is a reporting issuer in the Provinces of Alberta, British Columbia, Manitoba, and Ontario. Its wholly owned subsidiary Endeavour Energy (Bengkulu) Pty Ltd. ("EEB") is a private Australian company, operating in Jakarta, Indonesia. EEB owns a 100% working interest in the Bengkulu PSC ("Production Sharing Contract") in Sumatra, Indonesia which allows it the rights to explore and exploit the hydrocarbons within the PSC. The Bengkulu PSC covers 4,101.92.94 km2 (1,013,602 acres) and consists of both onshore and offshore portions. EEB is currently planning to drill 5 onshore exploration wells in the Bengkulu PSC in 2010.
Further information concerning the Company can be found at www.sedar.com.
Neither the Canadian National Stock Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.
SOURCE ECOSSE ENERGY CORP
For further information: For further information: Alan W Morrison, President & CEO, Ph: (416) 815-8311, Ecosse Energy Corp., E-mail: firstname.lastname@example.org