FOR IMMEDIATE RELEASE
TORRENT ENERGY POSTS RESOURCE REPORT OF 1.2 TRILLION CUBIC FEET ON WEBSITE AND PROVIDES UPDATE ON JOINT VENTURE PARTNER SEARCH
Seattle, Washington – May 9, 2006 – Torrent Energy Corporation (the “Company”) (OTCBB: TREN) is pleased to announce the following developments from its wholly owned operating subsidiary, Methane Energy Corp. (“Methane”).
According to Sproule Associates Inc. the latest estimate of gas in place for the Methane Coos Bay project is approximately 1.2 tcf (trillion cubic feet). This resource assessment assumes that the coalbeds are “wet”, meaning that water would have to be produced with the gas. Recent experience at the pilot wells indicate that there is minimal or no water being produced along with the gas that is being temporarily flared, which may result in a significantly higher gas in place estimate. Please see the “Operations” section under www.torrentenergy.com for a copy of this report.
The search for an appropriate joint venture partner to assist Methane in the development of the Coos Bay project continues. A number of coalbed methane operators from Canada and the United States have toured the Coos Bay project and reviewed the project’s technical data. There has also been significant interest from these operators in the Company’s Washington project, which includes approximately 115,000 acres under lease and option. The Company is continuing its discussions with qualified parties.
About Torrent Energy Corporation
Torrent Energy Corporation is a growing exploration company focusing on developing non-conventional natural gas reserves in the Northwestern United States. The Company’s primary objective is to create value for stakeholders by applying strong technical expertise to projects. The focus of the Company’s Oregon subsidiary, Methane Energy Corp., is the exploration of the Coos Bay Basin project in southwestern Oregon where the Company currently has a land portfolio that includes over 116,000 acres of prospective land. The Company’s Washington subsidiary, Cascadia Energy Corp., is focused on two projects in southwestern Washington State where it hold substantial lease and lease option commitments.
For more information please visit www.torrentenergy.com.
On behalf of the Board of Directors,
TORRENT ENERGY CORPORATION
John D. Carlson, President & CEO
For more information contact:
Bruce Nurse, Corporate Communications
info@torrentenergy.com
1-800-676-TREN (8736)
Safe Harbor Statement This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements in this release include, but are not limited to, that an estimate of gas in place for the Methane Coos Bay project is 1.2 tcf (trillion cubic feet) or higher if no water is produced; and that we are continuing discussions with qualified parties to be our joint venture partner. 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 the uncertainty of the requirements demanded by environmental agencies, the Company’s ability to raise financing for operations, inability to maintain qualified employees or consultants, inability to reach agreement with potential joint venture partners, potential delays or obstacles in drilling, spudding and interpreting data, and the likelihood that no commercial quantities of gas are found or recoverable. For more risk factors about our Company, readers should refer to risk disclosure in our recent forms 10-KSB and 10-QSB filed with the SEC on Edgar.
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