Retransmission: Force Energy Corp. Announces Intent to Drill Wyoming's Dripping Rock

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Thu Apr 17, 2008 11:55am EDT

  DENVER, COLORADO, Apr 17 (MARKET WIRE) -- 
 Force Energy Corp. (OTCBB: FORC) (hereafter "Force", "the Company") is
pleased to announce the intent to develop the "Dripping Rock Prospect".
Force has entered into an LOI (Letter of Intent) with Desert Mining Inc.
to farmout the Dripping Rock Prospect located in Sweetwater County
Wyoming: 6th Principal Meridian, Range 94W, Township 14N, Section 6 to
the Company.

    Under the terms of the agreement Force shall pay its share of the lease
costs of $363,000 and dry hole costs of $2,000,000 by July 15, 2008 for
75% WI (Working Interest). Upon Completion through tanks, on the "earning
well", Force shall earn an assignment on the entire lease and all working
interest parties shall pay their pro-rata share of any additional wells
drilled on the lease. Total A.F.E. (Authority for Expenditure) for the
"earning well" is estimated at $3,634,864 and all adjustments to the
A.F.E. shall be credited back to the Farmee.

    In order to complete on the Dripping Rock Prospect, the Company will need
to raise sufficient financing for its share of the costs. Force is
currently in negotiations with several investors to raise the necessary
funds.

    Dripping Rock wells are prolific with reserves up to 20 BCF (Billion
Cubic Feet) per well. The average Dripping Rock well has a EUR (Estimated
Ultimate Recovery) of 10BCF. Currently permitted to drill are 8 wells on
80 acre spacing with the possibility of down spacing to 40 acres.
Assuming 50% recovery of the average Dripping Rock EUR, drilling 8 wells
at $4.50/gas represents an estimated $180,000,000 of gas potential in the
ground.

    John Heinz, Geologist Reports on the Prospect:

    Dripping Rock Field produces gas mainly from the Cretaceous Upper Almond
Formation. The producing sand is a stratigraphically trapped sand bar
pinching out updip on the east side of the field. The wells in the field
are prolific with reserves up to 20 BCF per well. The average well in
Dripping Rock has a EUR of 10 BCF. Typical completion includes a frac.
The Almond Sand is overpressured.

    The Celsius MDU-20 well is located 90' fnl, 1,120' fel of section 6 and
was drilled to 12,700'. Intermediate casing was set to 11,007', but no
completion was attempted due to mechanical problems. No tests were run.
The intermediate casing is still in this well to a depth of 11,007'.
Celsius tried to set two cement plugs below the intermediate casing. Both
plugs were unsuccessful due to leaking high-pressure gas. Celsius was
unable to successfully kill the well with 13.6# mud. The well was finally
plugged by placing a cement retainer in the intermediate casing at
9,855'. Everything below this retainer is high-pressured gas.

    The Upper Almond sand was encountered in the Celsius MDU 20 well
(12425-12458) and is well developed with 20' of over 12% porosity. This
is typical of producing wells in the field. The Almond was cored but no
description is available. The resistivity is 10ohms. The proposed
location should encounter the Upper Almond 50' high to this well.

    The best Almond sand is seen in the Almond Main body (12595-12620') where
16' of sand with over 12% porosity and gas effect was encountered. This
sand is not present in the updip wells or in the well in the south half
of section 6. This sand is comparable in porosity and resistivity to the
upper Almond Sand and has the added advantage of not having been depleted
by updip wells.

    A secondary target is seen in the Lewis, which has several potentially
productive sands. Reserves for the Lewis in the Dripping Rock Field are
hard to assess as it is co-mingled with the Almond in the rare instances
where it is completed. The nearest "Lewis only" production is in sec
5-T13N-R95W (seven miles to the southwest) where 15' of very tight Lewis
sand has cumulated 1.8 BCF. The porosity of the Lewis sand at Dripping
Rock is considerably better than this well. The Lewis is overpressured.
The mud logs indicate overpressured gas from 10000' with continuous gas
flares reported to the bottom of the hole, even when the mud weight was
raised to 13.5 pounds

    The second well in section 6 is the MDU 3 located in NWSE. This well has
the Upper Almond sand (producing sand for the field) developed. The upper
Almond in this well is 90' downdip from the MDU 20 well and 140' downdip
from the proposed location. Pipe was run and the Upper Almond zone was
perforated. This well flowed at rates 18mcf gas and 47 barrels of water
during a short test. The well was abandoned without further stimulation.
The core from this well had water saturations of 35% and less in the
upper 10'. The resistivity logs indicate gas in the upper 10' of the
Upper Almond. This well may be at the gas water contact although there
appears to be a substantial transition zone that makes the contact hard
to pick if it exists in this wellbore. All the wells in the field produce
some water along with the gas. The average water production starts at 20
barrels per day and decreases along with the gas production.

    The proposed location is the substantially updip to both the existing
wells in section 6.

    About Force Energy Corp.

    Force Energy Corp. is an Oil & Gas Exploration and Development Company
based in Denver, CO with a focus on Wyoming. Using a geology-based
methodology, the US Geological Survey estimate a mean of 2.4 trillion
cubic feet of undiscovered natural gas, a mean of 41 million barrels of
undiscovered oil, and a mean of 20.5 million barrels of undiscovered
natural gas liquids in the Wind River Basin Province of Wyoming. They
further estimate a mean of 84.6 trillion cubic feet of undiscovered
natural gas, a mean of 131 million barrels of undiscovered oil, and a
mean of 2.6 billion barrels of undiscovered natural gas liquids in the
Southwestern Wyoming Province. Force Energy Corp. has entered into LOI's
to drill and develop two prospects located within each of these prolific
areas. The Company's shares are publicly traded on the NASDAQ OTCBB under
the ticker symbol FORC.

    On behalf of the Board of Directors

    FORCE ENERGY CORP.

    Legal Notice Regarding Forward-Looking Statements

    Legal Notice Regarding Forward-Looking Statements in this news release
that are not historical facts are forward-looking statements that are
subject to risks and uncertainties. Forward-looking statements are based
on current facts and analyses and other information that are based on
forecasts of future results, estimates of amounts not yet determined, and
assumptions of management. Forward looking statements are generally, but
not always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "aims", "potential",
"goal", "objective", "prospective", and similar expressions or that
events or conditions "will", "would", "may", "can", "could" or "should"
occur. Information concerning oil or natural gas reserve estimates may
also be deemed to be forward looking statements, as it constitutes a
prediction of what might be found to be present when and if a project is
actually developed.

    Actual results may differ materially from those currently anticipated due
to a number of factors beyond the reasonable control of the Company. It
is important to note that actual outcomes and the Company's actual
results could differ materially from those in such forward-looking
statements. Factors that could cause actual results to differ materially
include misinterpretation of data, inaccurate estimates of oil and
natural gas reserves, the uncertainty of the requirements demanded by
environmental agencies, the Company's ability to raise financing for
operations, breach by parties with whom we have contracted, inability to
maintain qualified employees or consultants because of compensation or
other issues, competition for equipment, inability to obtain drilling
permits, potential delays or obstacles in drilling operations and
interpreting data, the likelihood that no commercial quantities of oil or
gas are found or recoverable, and our ability to participate in the
exploration of, and successful completion of development programs on all
aforementioned prospects and leases. Additional information on risks for
the Company can be found in filings on Edgar of other junior oil and gas
exploration companies with the US Securities and Exchange Commission.

Contacts:
Innercomm
Scott Martin
Investor Relations
1-877-305-1167
Email: smartin@innercomm.com
Website: www.forceenergycorp.com

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