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Trivello's DevExco Drills Second Well at Wainwright
12:25 EST Tuesday, March 14, 2006
Arndt Roehlig reports
CALGARY, March 14 /CNW/ - Trivello Ventures, Inc. ("Trivello") is pleased to announce Devexco Resources (1984) Ltd. ("DevExco") has commenced drilling its second well in Lsd. 8-6-45-4 W4M at its Wainwright Prospect in Eastern Central Alberta. Devexco, a fully licensed and bonded oil and gas operator since 1977, is based out of Calgary, Alta. and is a wholly owned subsidiary of Trivello Ventures.
DevExco's first well in this prospect, Lsd 9-6-45-4 W4M, tested at more than 100 barrels oil per day (BOPD). Building on the success of this first well, DevExco and its partner Zappa Resources Ltd. TSX-V "ZPA" ("Zappa") have spudded the 8-6-45-4 W4M. The drill rig has now drilled the 8-6-45-4 W4M to target depth and logs will be run in the well today. Pending results, the well will be cased.
Arndt Roehlig, President of Trivello states: "Many operators are experiencing challenges in obtaining drill rigs and other vital equipment in the oilfield, given the intense oil and gas activity in this region. With the resourcefulness of Devexco, and the highly experienced team of professionals that also serve on our board, we were able to quickly secure the drill rig to spud this new well at 8-6-45-4 W4M. Given the success on the first 9-6-45-4 W4M well, we are confident that this second well will increase production in this new discovery in the Rex Sands formation."
DevExco and Zappa will equally pay 100% of the costs to drill and complete this new well at 8-6-45-4 W4M, and will earn a negotiated 45% and 25% respectively. Trivello and Zappa have commissioned an independent engineering report from Chapman Petroleum Engineering Ltd. compliant with NI 51-101. This report will be Sedar filed as soon as it will be available.
On behalf of the board of directors,
Arndt Roehlig
President
Trivello Ventures Inc.
For further information: Arndt Roehlig, President, Trivello Ventures Inc., (604) 687-3113, info@trivello.com