Enhanced Oil Resources Inc. to begin drilling program on December 28, 2007



    Listed: TSX Venture Exchange (Symbol: EOR)

    HOUSTON, TX, Dec. 18 /CNW/ - Enhanced Oil Resources Inc. (the "Company")
is pleased to report that the Forster Drilling Corp. Rig No. 42 has arrived on
location at St. Johns and is preparing to rig up to drill the 11-29-31 well to
evaluate the potential of the Amos Wash, Granite Wash and fractured basement
reservoirs seen in offsetting wells. This well is the first of 10 wells to be
drilled in the Company's St. Johns Helium/CO2 field located in Apache County,
Arizona and Catron County, New Mexico.
    The drilling of these additional wells will focus on finalizing reserves
quantification and production characteristics at St Johns and will enable the
Company to proceed with detailed discussions with pipeline operators and third
party gas purchasers. This well program is an extension to the earlier
drilling program that focused on proving up additional flank production and
lease protection.
    The 2008 drilling program will be operated under the direction of the
Company's newly hired drilling team and will focus on drilling information
gained earlier this year.

    Enhanced Oil Resources Inc. is a development stage, enhanced oil recovery
(EOR), company that controls approximately 235,000 acres of land within the
St Johns Helium/CO2 field in Arizona and New Mexico where the Company is
developing what is thought to be the largest undeveloped resource of helium
and carbon dioxide gases in North America. Independent engineering firms have
estimated that the St Johns field contains approximately 15 trillion cubic
feet of in place resources, with a potential recoverable resource of
5 trillion cubic feet. Development of the project could result in the Company
becoming one of North America's largest CO2 suppliers and EOR producers. The
Company's strategic focus for CO2 delivery and EOR production is the Permian
Basin where significant potential exists for enhanced oil recovery from
mature, depleted oil fields.

    ON BEHALF OF THE BOARD OF DIRECTORS

    (signed)
    Barry D Lasker, CEO

    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    %SEDAR: 00004538E




For further information:

For further information: visit our Website at www.enhancedoilres.com, or
Retail Investors please call Don Currie on 1-888-990-3551

Organization Profile

Enhanced Oil Resources Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890