Enhanced Oil Resources, Inc. Re-Enters Well to Increase CO2 Production Rate by 244%

Enhanced Oil Resources, Inc. Re-Enters Well to Increase CO2 Production Rate by
244%

HOUSTON, May 20 /PRNewswire-FirstCall/ - Enhanced Oil Resources, Inc.
(TSX-V: EOR) today announced that it re-entered the 10-22-30 well increasing
carbon dioxide (CO2) production to 6.2 million cubic feet per day (MMcf/d)
gross from the Granite Wash interval, an increase of 244% from the previous
production rate of 1.8 MMcf/d gross.
As a result of the increased productivity achieved in several of the
recently drilled Granite Wash wells the Company recently decided to re-enter
the 10-22-30 well that had been produced at approximately 1.8 MMcf/d for
approximately 6 months into a third-party operated dry ice plant. Following
adjustments to the downhole configuration the Company achieved the higher
sustained rate of 6.2 MMcf/d with no water and a flowing tubing pressure that
was consistently above 380 pounds per square inch (PSI). The production during
the initial test period was restricted by the size of the test unit and a
larger test unit is being brought in to determine if the well could be
produced at an even higher rate.
As previously reported, the Company had recently tested the 10-2-30 well,
located approximately 3.5 miles to the northeast of the 10-22-30 well at a
stabilized rate of 6.0 MMcf/d with a flowing tubing pressure of 171 PSI. This
latest test of the 10-22-30 well is the highest flow rate achieved in the
Field to date and confirms the exceptional potential of the Granite Wash zone
within the St. Johns Field "sweet spot."
The Company is reviewing test data from additional earlier wells in the
Field to determine if higher rates could be achieved by redesigning the
down-hole configuration of those wells.
Barry Lasker, EOR President and CEO said: "The Company is very pleased
with the latest test results from the 10-22-30 Granite Wash well. The increase
in production has confirmed that the Granite Wash interval can deliver at
substantially higher rates than previously thought and also confirms that we
are on the right track to improving the overall well performance within the
Field. Since discovering the St. Johns Field in 1994, the Company has drilled
more than 36 wells and has long term tested 14 of these wells. In aggregate
the field has tested over 30 MMcf/d gross of CO2 at an average rate of 2.2
MMcf/d per well. This is a substantial increase from the earlier estimates of
1.3 MMcf/d. per well."
About Enhanced Oil Resources
----------------------------
Enhanced Oil Resources, Inc. (EOR) is an early-stage company focused on
developing the St. Johns Helium/CO2 field, and producing oil via enhanced oil
recovery processes using CO2 injection in the United States. The Company owns
and operates the St. Johns Field, the largest undeveloped helium and CO2 field
in North America.
Forward-Looking Statement
-------------------------
Certain statements contained herein are forward-looking statements,
including statements relating to Enhanced Oil Resources' operations; business
prospects, expansion plans and strategies. Forward-looking information
typically contains statements with words such as "intends," "anticipate,"
"estimate," "expect," "potential," "could," "plan" or similar words suggesting
future outcomes. Readers are cautioned not to place undue reliance on
forward-looking information because it is possible that expectations,
predictions, forecasts, projections and other forms of forward-looking
information will not be achieved by Enhanced Oil Resources. By its nature,
forward-looking information involves numerous assumptions, inherent risks and
uncertainties. A change in any one of these factors could cause actual events
or results to differ materially from those projected in the forward-looking
information. Although Enhanced Oil Resources believes that the expectations
reflected in such forward-looking statements are reasonable, Enhanced Oil
Resources can give no assurance that such expectations will prove to be
correct. Forward-looking statements are based on current expectations,
estimates and projections that involve a number of risks and uncertainties
which could cause actual results to differ materially from those anticipated
by Enhanced Oil Resources and described in the forward-looking statements or
information. The forward-looking statements are based on a number of
assumptions which may prove to be incorrect. Readers should be aware that the
list of factors, risks and uncertainties set forth above are not exhaustive.
Readers should refer to Enhanced Oil Resources' current filings, which are
available at www.sedar.com, for a detailed discussion of these factors, risks
and uncertainties. The forward-looking statements or information contained in
this news release are made as of the date hereof and Enhanced Oil Resources
undertakes no obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new information, future
events or otherwise, unless so required by applicable laws or regulatory
policies.
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.

SOURCE Enhanced Oil Resources Inc.

visit our Website at www.enhancedoilres.com; Retail investors please call Don
Currie on 1-888-990-3551