PETROGEN CORP

Petrogen Prepares New Well Drilling Location at Tiller Ranch Tuesday October 18, 7:00 am ET - Texas Gulf Coast Natural Gas Development Project Underway - HOUSTON, Oct. 18 /PRNewswire-FirstCall/ -- Petrogen Corp. (OTC Bulletin Board: PTGC - News), announced today that it has commenced location preparations to drill its first well, the Tiller Ranch #1, on the Company's newly-acquired Texas Gulf Coast property, the Tiller Ranch Lease (the "Lease"). The Lease is located within Tom Graham Field, Jim Wells County, Texas, which has produced over thirteen billion cubic feet of natural gas (13 Bcfg) from twenty-five distinct sands as well as six million eight hundred thousand barrels of oil (6.8 Mmbo) from six sands. The Tiller Ranch #1 will be drilled to test the multiple Frio and Vicksburg age reservoir sands. Extensive subsurface control, provided by approximately twenty-five wells located on or adjacent to the Lease, indicate that potentially up to 18 Bcfe of natural gas reserves could be recovered through the development of up to six new wells. Petrogen's Chairman and CEO, Sacha H. Spindler stated, "Petrogen's operational focus is to attempt to fully develop Tiller Ranch over the course of the coming two fiscal quarters. With as many as six possible new well drilling locations to spud at Tiller Ranch, we have the potential to increase the Company's reserve base and oncoming revenue stream significantly." The Lease consists of potential natural gas exploitation opportunities trapped along a north-south striking, underdeveloped, low relief anticline. The majority of wells on the Lease were drilled during the 1940's and 1950's when local natural gas prices were in the $0.02 -- $0.10 per Mcf range. These extremely low gas prices resulted in limited development of the natural gas reserves on the Lease, providing for substantial infill and step out drilling potential. Wells in the area have average production histories of approximately eight to ten years with cumulative production of approximately 3.0 Bcfg per well. Extensive natural gas infrastructure exists within the area providing for immediate transportation and sales of any potential upcoming natural gas production. Current gas prices for potential production from the Tiller Ranch area are approximately in the $11.00 -- $11.50 per Mcf range and will be sold into the Enterprise Products Partners gas pipeline system in South Texas. Mr. Spindler further stated, "Tiller Ranch is another example of the high caliber opportunities Petrogen strives to develop in the Texas Gulf Coast. It possesses significant geologic data and well control along proven hydrocarbon- producing trends that enables the Company to greatly reduce its geologic risk while increasing its degree of confidence that the 18 billion cubic feet of indicated potential reserves can be readily exploited through our current drilling initiative."

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Press Release Source: Petrogen Corp. Petrogen's Hawes Field Daily Gas Flow to Increase Wednesday September 14, 9:00 am ET - Compression Initiative Anticipated to Double Current Production - HOUSTON, Sept. 14 /PRNewswire-FirstCall/ -- Petrogen Corp. (OTC Bulletin Board: PTGC - News) announced today that it has entered into an agreement with Hanover Compression Company (NYSE: HC - News) of Houston, Texas (Hanover) to implement 2-stage natural gas compression to Petrogen's Emily Hawes #3A well (EH#3A) at its Emily Hawes Field property, Calhoun County, Texas. Hanover is a global market leader in full service natural gas compression and a leading provider of service, fabrication and equipment for oil and natural gas processing and transportation applications. ADVERTISEMENT Petrogen sought input from three independent compression services companies to analyze the Company's EH#3A well data. On August 30, 2005, Hanover was contracted to ascertain to what degree natural gas flow rates could be increased from the well through the addition of compression. Results of wellbore pressure and data analyses indicate that production flows from the EH#3A can be increased to approximately 800Mcfgd with one stage of compression, doubling current average daily production. High line pressures on the Northern Natural Gas/Matagorda Offshore Pipeline System sales pipeline (NNG/MOPS) have resulted in suppressing optimum daily natural gas flow rates from the EH#3A. Results of the Hanover analysis further indicate that the addition of compression on the EH#3A can result in higher flow rates from the EH#3A into the NNG/MOPS, into which Petrogen's Matagorda Island Gas Gathering System (MIGS) ties. Over the course of the past six weeks, natural gas production from the EH#3A has fluctuated between 250Mcfgd to 1,500Mcfgd during which time the Company has been receiving daily sales prices for its natural gas production from the EH#3A ranging from $10.00 per Mcfg up to as high as $15.05 per Mcfg. Sacha H. Spindler, Petrogen's Chief Executive Officer, stated, "Introducing compression to the EH#3A will substantially increase its daily natural gas production resulting in significantly greater revenues from the well. The Company is already receiving revenues from the EH#3A, and with the anticipated daily production increases, those revenues will be realized to an even greater extent due to the very high take away sales prices Petrogen is receiving for its natural gas from Emily Hawes Field." On November 23, 2004, Petrogen announced that it successfully tested natural gas from the EH#3A well from the Basal Miocene M1 sand with an absolute open flow of 1,998 mcfgd; 978 mcfgd was tested on a 14/64" choke with flowing tubing pressure of 1,395 psi and a final shut-in pressure of 1,950 psi. On May 7, 2005, crews were mobilized to Emily Hawes Field and immediately began an extended production test of the EH#3A well. The well tested initial production rates between 266Mcfgd on a 10/64" choke to 750 mcfgd on a 12/64" choke with final flowing tubing pressure of 1,420 psi against 400 psi back-pressure. Analysis of the gas produced during this test measured 97.3% methane with 1,025 BTU/cubic foot content. The high BTU content of the well is providing for exceptional sales prices at the NNG, which have recently been as high as $15.05/Mcfg. On August 3rd, 2005 Petrogen announced that it had commenced natural gas sales from the EH#3A well; the well has been producing natural gas consistently since that time. The Emily Hawes Field property is located approximately 90 miles southwest of Houston, Texas within the prolific oil and gas producing Miocene-Frio trend of the onshore and offshore Texas Gulf Coast. Near term plans include the expansion of operations through the development of a number of infill and step-out drilling locations targeted at the Basal Miocene Sands within the Emily Hawes Field after the completion and hook-up of the EH#3A well. About Matagorda Island Matagorda Island is one of seven barrier islands located in the Gulf of Mexico, Texas Gulf Coast. Today, Texas and the Texas Gulf Coast represent one of the premier oil and gas exploration regions in the world, accounting for 32% of all natural gas production and 27% of proved natural gas reserves in the United States. Over the past few years, several large discoveries by Shell, BP and Chevron Texaco have contributed to the growing prominence of the Gulf Coast region as a hotbed for the expansion of domestic natural gas developments. Matagorda Island is approximately 34 miles long by 4 miles wide and is situated along the prolific, natural gas producing Miocene/Frio trend. About Petrogen Petrogen Corp. is a Houston, Texas based up-stream energy company specializing in the acquisition and development of natural gas properties with known hydrocarbon reserves in the Texas Gulf Coast region. For further information, please visit the Company's website at www.petrogencorp.com . THIS NEWS RELEASE MAY INCLUDE FORWARD-LOOKING STATEMENTS WITHIN THE MEANING OF SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES AND EXCHANGE ACT OF 1934, AS AMENDED, WITH RESPECT TO ACHIEVING CORPORATE OBJECTIVES, DEVELOPING ADDITIONAL PROJECT INTERESTS, THE COMPANY'S ANALYSIS OF OPPORTUNITIES IN THE ACQUISITION AND DEVELOPMENT OF VARIOUS PROJECT INTERESTS AND CERTAIN OTHER MATTERS. THESE STATEMENTS ARE MADE UNDER THE "SAFE HARBOR" PROVISIONS OF THE UNITED STATES PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND INVOLVE RISKS AND UNCERTAINTIES WHICH COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE IN THE FORWARD-LOOKING STATEMENTS CONTAINED HEREIN. CONTACTS: Company Contact Investor Relations Contact Louis J. Fruchier Barry Gross V.P. Corporate Development & Communications President Petrogen Corp. Gross Capital, Inc. 888-875-1155 361-949-4999 fruchier@petrogencorp.com barry@grosscapital.com -------------------------------------------------------------------------------- Source: Petrogen Corp. Email Story Set News Alert Print Story Sponsor Results American General Loans Get a loan for any reason. Personal, unsecured loans at great rates. Quick and easy online application. agf.rqst4.info Fast Auto Loans for Bad Credit Qualify for a bad credit auto loan online in 30 seconds before you apply. 93% approved nationwide. Rapid e-mail responses. Amistoso Español. www.fundingway.com Loans from LendingTree.com Find a mortgage, refinance, home equity or auto loan in your area. Receive up to four real loan offers within minutes. When banks compete, you win. www.lendingtree.com (What's This?) 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