Sukkur joint venture update - Pakistan



    
    TSX: "ISR"                           Shares Outstanding:  13,928,084
    

    TORONTO, July 31 /CNW/ - International Sovereign Energy Corp. (the
"Company") is pleased to report that the Koonj Well No. 1A in the Sukkur
Exploration Block, in which the Company has a 15% working interest ("WI"), has
been successfully drill-stem tested with a gas flow rate of 8.61 MMCFD (1435
BOED). The gas flow rates from the Sui Main Limestone are expected to increase
significantly with acid stimulation treatment which will be carried out during
the upcoming weeks. Stimulation results will be released upon availability.
    The Sukkur Joint Venture (SJV) is comprised of Mari Gas Company Limited,
the operator, with a 50% WI, Petroleum Exploration Limited, a Pakistani
exploration and production company with a 35% WI and the Company, as mentioned
above, with a 15% WI. SJV is also exploring 2 other prospects within the
Sukkur Block. The drilling of Structure 'B', which covers a 4.1 sq. km area,
is expected to immediately follow the completion of the first well. Both
prospects are within 5 km from a main gas pipeline so that a discovery can be
brought on stream on a fast track basis.
    International Sovereign Energy Corp. is an oil and gas exploration,
development and production company with offices in Calgary, Alberta and
Islamabad, Pakistan and is active in the exploration and development of
hydrocarbon reserves in Western Canada and internationally.
    Or visit our website at www.isove.com

    The Toronto Stock Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Certain
information provided in this press release contains forward-looking statements
that by their nature are subject to numerous risks and uncertainties and
readers are cautioned that actual results may vary considerably from those
forecasted.

    Forward-looking statements: This news release contains certain
forward-looking statements, including management's assessment of future plans
and operations, and capital expenditures and the timing thereof, that involve
substantial known and unknown risks and uncertainties, certain of which are
beyond the Company's control. The Company's actual results, performance or
achievements could differ materially from those expressed in, or implied by,
these forward-looking statements and, accordingly, no assurance can be given
that any of these events anticipated by the forward-looking statements will
transpire or occur, or if any of them do so, what benefits, including the
amount of proceeds, that the Company will derive there from. Additional
information on the Company's operations and financial results are included in
reports on file with Canadian securities regulatory authorities and may be
accessed through the SEDAR website (www.sedar.com). All subsequent
forward-looking statements, whether written or oral, attributable to the
Company or persons acting on its behalf are expressly qualified in their
entirety by these cautionary statements. Furthermore, the forward-looking
statements contained in this news release are made as at the date of this news
release and the Company does not undertake any obligation to update publicly
or to revise any of the included forward-looking statements, whether as a
result of new information, future events or otherwise, except as may be
required by applicable securities laws.





For further information:

For further information: please contact: Eugene Hretzay, President and
CEO, Tel: (416) 508-3472, Fax: (403) 263-2472, ehretzay@isove.com

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INTERNATIONAL SOVEREIGN ENERGY CORP.

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