WYN DEVELOPMENTS INC. ANNOUNCES TRUTCH PRODUCTION FIGURES
Vancouver, British Columbia, Canada - April 04, 2007 - Wyn Developments Inc. ("Wyn Developments" or the "Company") has received the initial production summary from the three producing Trutch Triassic Halfway wells. The summary concerns the period of February 7th to 28th, 2007.
c-25-A/94-G-15 produced approximately 1.4 Million Cubic Feet per day (MMcf.d).
c-36-A/94-G-15 produced approximately 1.154 MMcf.d.
b-56-A/94-G-15 produced approximately 807.3 Thousand Cubic Feet per day (Mcf.d).
These wells have not produced any water.
The total approximate production for February equals 3.361 MMcf.d over the 21 day period for approximate gross production 70.58 MMcf. The Company’s first compensation pursuant to its 15% gross working interest in these wells is anticipated late April.
Given known geological, geophysical and geochemical data of the Triassic Halfway Formation, including the production characteristics of other nearby Triassic Halfway wells, the Company reasonably estimates a prospective resource estimate of 4 to 5 Billion Cubic Feet OGIP in the Triassic Halfway Formation per drilling spacing unit (DSU). The Company has successfully drilled wells on 4 DSUs to date within the Bougie Trutch and Trutch East lands, and is currently drilling a 5th. In addition, on earned and optioned lands, the Company has established this prospective resource estimate in the Triassic Halfway Formation over an additional 14 DSUs. The Bougie Trutch and Trutch East lands are located adjacent to the Tommy Lake Triassic Halfway field, which serves as a comparable measure of regional Triassic Halfway well production characteristics.
Thomas W. Bainbridge P.Geol., is the qualified consultant for the Company’s natural gas projects and has reviewed and verified the contents of this news release.
On Behalf of the respective boards,
WYN DEVELOPMENTS INC.
David McMillan
President & CEO
ABOUT WYN DEVELOPMENTS INC.
Wyn Developments Inc. is a western Canadian focused junior resource exploration and development company. The Company’s primary activities include three natural gas development properties; the Prophet River, Bougie Trutch, and Trutch East projects, which include three Triassic Halfway Development wells now in production. The Company is currently engaged in forming a business combination with three partners of these properties to create a new junior Canadian natural gas development company.
The above is subject to TSX Venture Exchange approval.
INQUIRIES
Chad McMillan/Dave McMillan
(604) 685-5851 or Toll Free: (888) 685 5851
Investor Relations
FORWARD LOOKING STATEMENTS
This press release may contain forward-looking statements including expectations of future production. More particularly, this press release contains statements concerning the Partners’ future production estimates, expansion of oil and gas property interests, exploration and development drilling, regulatory applications, payout estimates, capital expenditures, and drilling locations to be drilled in 2007/2008. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the 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; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price, price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors that could affect the Partners’ operations or financial results are included in the Partners’ reports on file with Canadian securities regulatory authorities. The forward-looking statements or information contained in this news release are made as of the date hereof and the Partners undertake 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 securities laws. Oil and Gas Advisory. This press release may contain disclosure expressed as "boe". All oil and natural gas equivalency volumes have been derived using the ratio of six thousand cubic feet of natural gas to one barrel of oil. Equivalency measures may be misleading, particularly if used in isolation. A conversion ratio of six thousand cubic feet of natural gas to one barrel of oil is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the well head. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
