WIN Energy Corporation - First 3-D Well in South Cowley



    TSX Venture Exchange: WNR

    CALGARY, June 25 /CNW/ - WIN Energy Corporation ("WIN") is pleased to
announce that its first exploration well based on its 3-D seismic commenced
production on June 13, 2007. WIN is the operator of this well and its working
interest is 100%. Since commencing production the well has produced at a
restricted rate of approximately 720 Mcf per day (120 BOE per day). WIN
constructed a 4.2 kilometre tie-in connecting this well to WIN's 100% owned
and operated gas gathering system and gas processing facility. The addition of
this well increases throughput at WIN's gas processing facility to
approximately 21% of its 10,000 Mcf per day total licensed capacity.

    3-D Seismic Prospects

    In December 2006, WIN completed a 36 square mile 3-D seismic program in
the South Cowley area. This 3-D seismic was shot over prospects with similar
characteristics to the most successful wells in the area. The 3-D seismic has
been evaluated by WIN management who identified three drillable anomalies and
several more potential leads that could be high-graded, each of which has
analogous features to the successful wells in this township.

    Special Committee Update

    On April 24, 2007 the Board of Directors of the WIN formed a Special
Committee to review all possible strategic alternatives for WIN to enhance
shareholder value. On May 16, 2007 the Board of Directors appointed Jennings
Capital Inc. as WIN's independent financial advisor to assist and advise in
this process. In the mean time, WIN has postponed all capital expenditure
programs while this process is ongoing and will update the shareholders if and
when events materialize.

    Additional Third Party Processing

    WIN is currently working towards commencing third party processing of
production from another well in South Cowley which was tied into the WIN
gathering system in early May and is scheduled to commence production on
July 1, 2007. The addition of this well will increase WIN's gas processing
facility throughput to approximately 60% of its total licensed capacity.

    Note: BOEs may be misleading, particularly if used in isolation. A BOE
conversion ratio of six thousand cubic feet equal to one barrel (6 Mcf : 1
Bbl) is based on an energy equivalent conversion applicable at the burner tip
and does not represent a value equivalency at the wellhead.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.

    This press release contains forward-looking statements, including but not
limited to operational information including drilling projections, production
and processing projections. These projections are based on current
expectations and are subject to a number of risks and uncertainties that could
materially affect the results. These risks include, but are not limited to,
risks associated with the oil and gas industry (e.g. operational risks in
development, exploration and production; delays or changes in plans with
respect to exploration or development projects or capital expenditures; and
the uncertainty of estimates and projections in relation to production, costs
and expenses), drilling equipment availability and the risk of commodity price
and foreign exchange rate fluctuations. Due to the risks, uncertainties and
assumptions inherent in forward-looking statements, prospective investors in
WIN's securities should not place undue reliance on these forward-looking
statements.




For further information:

For further information: William Kiff, President & Chief Executive
Officer or Shane Kozak, Vice President Finance & Chief Financial Officer, WIN
Energy Corporation, Telephone: (403) 265-7787, Fax: (403) 265-7767

Organization Profile

WIN ENERGY CORPORATION

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