Was haltet Ihr von Torrent ?

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01.07.06 01:19

2616 Postings, 6915 Tage 14LandserPositive groß geschrieben

entschuldigt bitte, aber Teufel Alkohol, Deutschlaaaaaaaaaand  

01.07.06 13:37

6409 Postings, 6748 Tage Ohiotorrent

eine gute aktie , hat sich gut gehalten und wird noch steigen  

01.07.06 14:18

2616 Postings, 6915 Tage 14LandserBeitrag aus W-O

Erstaunlich, ich kann tatsächlich keinen Haken an der Finanzierung erkennen. Ab Dezember müssen jeden Monat 5% zurückgezahlt werden.

Wenn Aktienkurs über $ 2,50, dann in Aktien = 10 Mio neue Aktien
Wenn Aktienkurs $ 1,67 - $ 2,50, dann in Aktien = 15 Mio neue Aktien
Wenn Aktienkurs unter $ 1,67, dann als normale Geldzahlung + 20% Zinsen

Somit gibt es im dümmsten aller Fälle eine zusätzliche Verwässerung von 15 Mio. Aktien (realistisch aber nur 10 Mio.) aber (und das halte ich für sehr erstaunlich) Cornell Partners geht ein echtes Risiko ein.

Denn wenn Torrent pleite geht, dann sehen die Ihr Geld nicht wieder und können auch nicht in Aktien tauschen. Es ist ein sehr ungewöhnliches Verhalten für Risikokapitalgeber, tatsächlich ein Risiko einzugehen. Die müssen schon ziemlich sicher sein, das das Ding hier ein Erfolg wird...
Zitat Ende

Hört sich auch sehr gut an. Bin mal gespannt wie die Amerikaner am Montag reagieren.

Mfg  

03.07.06 15:44

145 Postings, 6784 Tage schülernachkaufen?

also mit den schwankungen habe ich die paar prozent gemeint, die torrent eigentlich jeden tag macht, dann aber auf abend zu wieder verliert, das konnt man jetzt schon gehäuft sehen.
ich überlege, ob ich nicht morgen früh nachkaufe, da mir der zeitpunkt und der preis gut erscheinen, was meint ihr? oder einfach nur die alten positionen halten?  

03.07.06 15:57

6409 Postings, 6748 Tage Ohiotorrent

schau dir was die machen .. schau dir den chart an ... und die zukunft liegt bei torrent ..  

03.07.06 17:27

2616 Postings, 6915 Tage 14Landserhalten werd ich auf jeden Fall

und die Bohrergebnisse abwarten die bis Ende des Monats kommen sollen. Dann wissen wir hoffentlich mehr.

Mfg  

07.07.06 21:24

6409 Postings, 6748 Tage Ohiotorrent

ich hab sie aber trotzdem verkauft
weg damit .. was fällt wird gnadenlose verkauft  

08.07.06 05:27

2616 Postings, 6915 Tage 14Landserdann hoff ich mal das

Torrent bei 2 Dollar seinen Boden gefunden hat.So siehts nämlich aus.

Mfg  

24.07.06 20:27

145 Postings, 6784 Tage schülerNachkaufen!

Also ich kaufe morgen nach, der geringe Kursanstieg heute ist denke ich der Anfang dafür, dass es bald richtig abgeht. Bald gibts die News zu den Bohrungen und meiner Meinung nach fallen die gut aus.  

27.07.06 17:45

2616 Postings, 6915 Tage 14LandserWenn ich vom Skat zurückbin

will ich Torrent über 2 Dollar sehen.Theoretisch stehen heut oder morgen noch die Förderraten aus.

Mfg  

28.07.06 14:54

145 Postings, 6784 Tage schülerwenn nicht heute dann montag

bin schon ziemlich gespannt. wenn heute eben keine news da sind werden si dann anfang nächster woche kommen. ich gehe stark davon aus, dass sie positiv ausfallen.  

28.07.06 14:56

2616 Postings, 6915 Tage 14LandserJa, Montag könnte auch sein

wenn der Monat 31 Tage hat *schäm*, das weiß ich grad nicht.
Bin aber mal gespannt ob die überhaupt kommen, nachdem die ja noch mehr Löcher bohren wollten, oder ob es sich verzögert.

Mfg  

01.08.06 03:29

2616 Postings, 6915 Tage 14LandserJa, morgen sollte was passieren

TORRENT ANNOUNCES POSITIVE FLOW TEST RATES

Seattle, Washington – July 31, 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”) regarding its coalbed natural gas pilot production operations in Coos County, Oregon.

- Strong flow rates on first wells support next stage of development
- Initial test production rate for Beaver Hill #5 well exceeds 500 MCFD (thousand cubic feet per day)
- Initial test production rates for Beaver Hill #2, #3 and #4 wells exceed 200 MCFD
- Test production rate for Radio Hill #1 well averaged 30 MCFD
- Sustained water inflow supports the existence of adequate permeability
- Focus to tie in the wells into a pipeline before fiscal year-end
- Continued production data gathering and testing

Methane is currently operating two separate coalbed natural gas pilot projects, the Beaver Hill Project and the Radio Hill Project, in Coos County.

Torrent is very excited about the flow rates at the Beaver Hill Project. The Beaver Hill Project includes five wells, four which have been completed in the main “D” coal seam and one which is completed in four other coal seams above the “D” seam. Beaver Hill #2, #3, #4 and #5 have all been tested for periods of time varying from one to ten hours through a test separator which includes an orifice metering system and continuous digital readout meter.

Initial test production rates have exceeded 500 MCFD at a flowing pressure of 600 PSIG (pounds per square inch gauge) in Beaver Hill #5 and 200 MCFD at a flowing pressure of 250 PSIG in Beaver Hill #2, #3 and #4. These rates were recorded after nitrogen (N2) stimulation of each well. During July, Beaver Hill #2 and #5 were swab tested to record water inflow rates. Both wells have recorded sustained water inflow into the wellbore supporting the existence of adequate permeability within the coal reservoirs to produce gas and water. Pressure build-ups in these two wells are currently underway.

The Radio Hill Project includes one well currently completed in multiple coal seams. The Radio Hill #1 well was first put on production in late April and has produced continuously through early June. Daily production rates increased over this period of time from an average of 15 MCFD to 30 MCFD of natural gas and between 4 and 5 barrels of water per day.

The service rig will recommence operations in mid- August and Beaver Hill # 3 and #4 will be swab tested. Once this operation is completed, the wells will have pumping equipment installed and be turned over to continuous production operations.

Produced water currently stored on-site at the two Pilot projects will be diluted with local fresh water to reduced overall dissolved solids and salinity and will then be disposed of at the local Coos Bay water treatment plant. This procedure will be effective until a water disposal well is drilled during the upcoming drilling program.

Torrent President and Chief Executive Officer, John Carlson, states “We are very excited about the flow rates at our Coos Bay project. Sustained production rates from some of the wells should give us the opportunity to generate sales later this year. Our goal is to tie these wells into a pipeline before fiscal year-end. Based upon initial gas and water production rates exhibited at the Beaver Hill wells we are confident that we will see continuous commercial production rates from these wells by year-end. Torrent has achieved significant progress since we acquired the first leases in Coos Bay in the summer of 2004. We have managed to attract total financings of $45 million to date and drilled 7 test wells in order to prove our initial assessment that gas can be produced from the coal seams in Coos Bay. This data gives us a strong incentive to proceed as soon as possible with our next drilling program. We will provide more details about our new drilling program next month. The company is now fully financed to aggressively continue with its drilling program and to reach our corporate goal of initiating gas sales this fiscal year.”

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 current focus of the Company’s Oregon subsidiary, Methane Energy Corp., is on 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, is focused on two projects in southwestern Washington State where it holds 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 we will be able to recommence the service rig in mid-August; that conditions will be suitable for us to swab test Beaver Hill well #3 and 4; that we will be able to install pumping equipment and turn over the wells to continuous production without undue delay or complications; that we will be able to treat the water produced from the two pilot projects with local fresh water and dispose the same into Coos Bay water treatment plant without incurring significant costs; that the water disposal procedure will be effective during the upcoming drilling program; that we will be able to general sales from production later this year; that we will see continuous commercial production rates from our wells by year end; that we will be able to reach our corporate goal of initiating gas sales in this fiscal year. 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, 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.


Mfg  

01.08.06 09:31

159 Postings, 6864 Tage nettel+ 30 % nicht schlecht, so kanns weitergehen o. T.

01.08.06 10:31

145 Postings, 6784 Tage schülerund das ist erst der anfang

bei den top zahlen, steigt die aktie noch viel höher, das warten hat sich gelohnt!!!  

01.08.06 12:42

3743 Postings, 6762 Tage LimitlessNews

Spezial Update: Torrent Energy mit fantastischen Förderraten!
Das Junior Gasexplorationsunternehmen Torrent Energy konnte am Montag nach Handelsende großartige Neuigkeiten verkünden. Veröffentlicht wurden die vom Markt lang erwarteten Förderraten der unternehmenseigenen Gasquellen. Die überzeugenden Daten zeigen uns, dass das 1,2 TCF (1,2 Trillionen Kubikfuß) umfassende Gasprojekt jetzt zur Realität geworden ist. Das Unternehmen verfügt mit Gesamtmitteln in Höhe von 45 Millionen US$ über die Finanzkraft, um das Projekt durchzuführen. Für Dienstag erwarten wir einen großen Kurssprung bei der Aktie. Torrent Energy wird an der Frankfurter Wertpapierbörse unter der WKN A0B7RC und dem Kürzel: RLK gehandelt. Lesen Sie weiter...

Wirft man einen detaillierten Blick auf die Pressemeldung, so sind folgende Eckdaten festzuhalten:

- Hohe Förderraten der ersten Quellen unterstützen weitere Entwicklung
- Die Test-Produktionsrate der Quelle Beaver Hill #5 übersteigt 500 MCFD
- Die Test-Produktionsraten von Beaver Hill #2, #3 und #4 übersteigt 200 MCFD
- Die Test-Produktionsrate von Radio Hill #1 erreicht durchschnittlich 30 MCFD
- Anhaltender Wassereinfluss begünstigt die Gasdurchlässigkeit
- Hauptaufgabe ist nun die Anbindung der Quellen an eine Pipeline
- Die kontinuierliche Förderung gibt nun die Möglichkeit, das Gas zu vermarkten

Den Kursverlauf von Torrent können Sie sich einfach bei Consors.de ansehen:

- Torrent bei www.consors.de

Die in Stichpunkten dargestellten Fakten dokumentieren die großartige Entwicklung von Torrent. Torrent steht nun kurz vor dem Sprung vom Gasexplorer zum Gasproduzenten! Dies ist wirklich der große Durchbruch in der noch jungen Geschichte des Unternehmens Torrent. Vor allem, wenn man sich die Bewertungen der unabhängigen Berater aus dem Hause Sproule ansieht, nach denen sich in den unterirdischen Kohlefeldern über 1,2 TCF (Billionen Kubikfuß) befinden. 1,2 TCF sind mehr als 1,2 Mrd. US$ wert. Schafft man es nun, diese Mengen Gas aus dem Boden zu gewinnen, so werden sich wahrscheinlich noch bessere Resultate ergeben. Derzeit steht der Preis für Gas bei 7,8 US$ je MCF. Für ein so kleines Unternehmen wie Torrent bedeuten dies atemberaubende Einnahmen. In Anbetracht der geradezu winzigen Marktkapitalisierung von nur 64 Mio. US$ müsste nun jeder verstanden haben, wie hoch das Kurspotenzial von Torrent wirklich ist.

Sehr hohe Förderraten für das Kohlenbett-Methan (CBM) Projekt

Kommen wir nun etwas detaillierter zur Pressemeldung zurück. Torrent ist von den Produktionsraten des Beaver Hill Projektes sehr erfreut. Die ersten Tests haben Fördermengen von mehr als 500 MCFD (Tausend Kubikfuß pro Tag) in Beaver Hill #5 ergeben. In Beaver Hill #2, #3 und #4 lag die Rate bei mehr als 200 MCFD. Die Testproduktionsrate für Radio Hill #1 betrug durchschnittlich 30 MCFD.

Was bedeuten diese Neuigkeiten? Die Resultate sind für ein Kohlenbett-Methan Projekt sehr überzeugend. So könnte die Fördermenge bei konservativer Betrachtung mehr als 1.100 MCFD betragen, sobald das Gas mittels einer Pipeline weitergeleitet werden kann. Bei dem jetzigen Gaspreis würde sich der hieraus für Torrent resultierende Umsatz auf 9000 US$ pro Tag, 270.000 US$ pro Monat oder 3,24 Million US$ pro Jahr belaufen. Wir erwarten, dass die Kosten für das Einleiten in die Pipeline etwa einen US$ je MCFD betragen, was für Torrent einen jährlich Cashflow von 2,5 Millionen US$ bedeuten würde! Beachten Sie, dass dies erst das erste Pilotprojekt von Torrent war. Torrent wird in den nächsten Wochen ein weiteres Drilling Programm starten, welches 10 bis 15 Quellen umfasst. All diese Projekte werden den Cashflow enorm steigern, so dass das Unternehmen derzeit mit einer Marktkapitalisierung von nur 64 Millionen US$ völlig unterbewertet ist.

Der Präsident und Vorstandvorsitzende von Torrent, John Carlson zu den Neuigkeiten: „Wir sind sehr erfreut über die Fördermengen unseres Coos-Bay-Projektes. Die anhaltenden Förderraten unserer Quellen eröffnen uns die Möglichkeit Verkäufe im weiteren Verlauf des Jahres durchzuführen. Unser Ziel ist es, das Gas noch vor Ende des Fiskaljahres in eine Pipeline einzuleiten. Wir sind nun zuversichtlich, dass wir basierend auf den dargelegten Fördermengen eine kontinuierliche kommerzielle Produktion ab Ende des Jahres sehen werden. Torrent konnte seit dem Erwerb von Coos Bay im Sommer 2004 signifikante Fortschritte erzielen. Wir haben es gemanagt, insgesamt Finanzierungsmittel von 45 Millionen US$ anzuziehen und 7 Testquellen gebohrt. Unsere Einschätzung, dass man Gas aus den Kohlenähten in Coos Bay gewinnen kann, hat sich bestätigt. Mit unserer Performance unserer ersten Test-Quellen sind wir sehr zufrieden. Die Ergebnisse geben uns den starken Anreiz, sobald als möglich ein weiteres Drilling Programm zu starten. Das Unternehmen ist nun ausreichend finanziert um das Drilling Programm aggressiv fortzusetzen. Unser Unternehmensziel ist es, Gasverkäufe und Umsätze noch in diesem Fiskaljahr zu erreichen

 

12.08.06 02:54

2616 Postings, 6915 Tage 14Landsersb-2 Filling von Torrent

vom 11.08., nur ist mein Englisch wohl nicht so gut als das ich viel damit anfangen könnte. Versuch aber mal mich reinzulesen und was interessantes zu finden. Hier der Link:

http://yahoo.brand.edgar-online.com/...spx?FilingID=4592168&Type=HTML

Mfg  

18.08.06 14:57

2616 Postings, 6915 Tage 14LandserNews

TORRENT ADDS VALUABLE TECHNICAL ALLIANCE

Seattle, Washington – August 18, 2006 – Torrent Energy Corporation (the “Company”) (OTCBB: TREN) is pleased to announce that its wholly owned operating subsidiary, Methane Energy Corp. (“Methane”) has established an important technical alliance with GeoMechanics International Inc. regarding its coalbed natural gas pilot project in Coos County, Oregon.

In exchange for providing valuable geotechnical consulting services to support Methane’s 2006/07 drilling and completion program, GeoMechanics International Inc. (“GMI”: www.geomi.com), through its subsidiary R2R technologies Inc. (“R2R”), will receive an equity position in Torrent Energy Corp. in the form of a grant of 125,000 shares of Torrent Energy Corp. restricted stock.

GeoMechanics International Inc. is a recognized leader in consulting, training and software in the field of reservoir geomechanics in the oil and gas industry and has delivered value to more than 60 clients in over 500 engagements in 35 oil provinces worldwide. Their methods are based on 20 years of R&D and 10 years of practical application to oilfield problems and their specialists have over 300 years of combined experience. GMI looks at the entire field development for opportunity to reduce exploration risk, to save Non Productive Time (NPT) and to increase production and recoverable reserves.

“The Coos Bay project is ideal for the application of GMI’s technology through our new subsidiary, R2R technologies (converting resources to reserves)” said Patrick Keenan, President of GMI. Don Ritter, Vice President-Engineering and Strategic Alliances for GMI states “The Oregon Coast is significantly affected by tectonic stress and our understanding of this stress with respect to the reservoir allows us to optimize production through stimulation treatments that are designed specifically for this stress concentration. We can also model the wellbore behavior during drilling and significantly lower the risk of drilling and completion operations. With an equity stake as our only compensation, we are completely aligned with Methane Energy to add value to the Coos Bay CBM project.”

Torrent President and Chief Executive Officer, John Carlson, states “We have always believed that we have both the financial resources and the technical expertise to advance our Coos Bay CBM project. However, in any new petroleum environment, success often depends on utilizing new technologies and associated expertise to overcome the myriad of technical drilling and reservoir issues typically encountered during the life of the project. The addition of GMI to our technical team will enhance our understanding of the physical properties of the coal reservoirs, how best to locate and drill optimum locations within the project area and how to improve productivity from the individual coals seams through enhanced well stimulation design. GMI’s support of the Coos Bay project is significant and we believe the addition of GMI’s expertise will enhance the value of this project. We look forward to seeing immediate results as we move into a new round of drilling.”

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 current focus of the Company’s Oregon subsidiary, Methane Energy Corp., is on 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, is focused on two projects in southwestern Washington State where it holds 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 GeoMechanical will provide consulting services for equity; that the geophysical situation on the Oregon Coast allows us to optimize production through stimulation treatments that are designed specifically for this stress concentration; that we can also model the wellbore behavior during drilling and significantly lower the risk of drilling and completion operations; and that addition of GMI to our technical team will enhance our understanding of the physical properties of the coal reservoirs and the value of the project. 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, 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.

Mfg  

23.08.06 15:02

2616 Postings, 6915 Tage 14LandserNeuigkeiten

TORRENT ANNOUNCES CHANGES AND ADDITIONS TO MANAGEMENT TEAM

Seattle, Washington – August 23, 2006 – Torrent Energy Corporation (the “Company”) (OTCBB: TREN) and its wholly owned subsidiaries, Methane Energy Corp. (“Methane”) and Cascadia Energy Corp. (“Cascadia”) are pleased to announce the following changes and additions to their management team:

Tom Deacon, Vice-President Land for Torrent Energy Corp. and President of Cascadia has resigned his positions effective August 17, 2006, to pursue an active retirement of hunting and fishing. However Mr. Deacon will continue to serve as a consultant to the Company on an ongoing consulting basis for the foreseeable future and will work on various projects as directed by the Company President and Board of Directors.

Roger N. Canady, Manager of Lands for Methane has been appointed Vice-President Land for both Methane Energy Corp. and Cascadia Energy Corp. Mr. Canady’s mandate is to direct the overall land activities for both Methane and Cascadia including the technical and support staff and consultants in these companies. Mr. Canady joined Methane in October 2005 and has over 35 years of diverse industry land experience in many producing areas of the U.S. and offshore areas of California and the Gulf Coast. He has held senior managerial positions with Oryx Energy, Sun Exploration and Production, Union Oil and Nuevo Energy. Mr. Canady earned his Associate of Arts Degree from Bakersfield JC and attended University of Los Angeles UCLA. His main directives are to continue to build Methane’s and Cascadia’s land holdings and to secure clear title to mineral rights targeted for both companies 2006/2007 drilling programs.

Torrent President and Chief Executive Officer, John Carlson, states “We wish Tom all the best for his retirement after a long and successful career in the oil and gas industry and we are pleased to have Tom continue an active relationship with our Company in the future. We will continue to need and utilize his expertise as we move our projects forward in both Oregon and Washington. Roger is an excellent candidate to fill key management roles in Methane Energy Corp. and Cascadia Energy Corp. based upon his previous experience, both within the oil and gas industry and within the Methane organization”.
 

23.08.06 15:08

7753 Postings, 6809 Tage eufibuBla-Bla-News

so in der Art wie:
heute bekamen wir eine neue Putztante. Diese veranlaßte sofort, dass neue Wischmops angeschafft werden. Auch der alte Besenstiel aus Holz wird durch einen aus Alu ersetzt.
Man sieht. Man kann mit viel Worten ganz wenig sagen, hauptsache eben irgendwas...  

25.08.06 11:58

2616 Postings, 6915 Tage 14Landserja, die news sagt bringt nichts

in Deutschland heut mehr Volumen als die Amis gestern drüben. Die sollen mal auf die Tube drücken, will mal was sehen bevor ich alt und grau bin. Ziemlich langweilig bei dem Laden, die ganze Zeit bei 2 Dollar rumzueiern.

Mfg  

28.08.06 14:56

3 Postings, 6691 Tage Godlike0815mmh.......

irgendwann geht immer irgendwas hoffe nur mal in die richtige richtung  

07.09.06 14:47

2616 Postings, 6915 Tage 14LandserNeuigkeiten

TORRENT ANNOUNCES NEW DRILLING PROGRAM

Seattle, Washington – September 7, 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”) regarding its coalbed natural gas pilot production operations in Coos County, Oregon.

• Methane to commence 2006/07 drilling program in September
• 10 to 15 wells included in new program
• Average well depths between 1,500 and 3,000 feet
• Well permits in hand
• Lease construction underway
• Water handling facilities in operation
• Production testing continuing at Beaver Hill and Radio Hill Pilot Projects

After the Company successfully completed a new financing of $25 million in July 2006, its subsidiary Methane has moved forward to develop plans for a follow-up drilling program in Coos County Oregon. A program of 10 to 15 new vertical wells is scheduled to commence in mid to late September. Well depths will average between 1,500 and 3,000 feet focusing on both Lower and Upper Coaledo coal prospects. Several wells will be drilled deeper than the Lower Coaledo to investigate potential water disposal zones.

Drilling permits for 15 wells have been received and well locations have been built for the first six wells. Work continues on preparing the remaining locations. Lease preparation has been contracted to LTM Incorporated of Coos Bay, Oregon. Drilling of the new wells will be done utilizing Roll’n Oilfield Services Rig #14 which is returning to Coos Bay from projects in California and Nevada. Roll’n previously drilled Methane’s wells at the Beaver Hill and Radio Hill Pilot Projects.

The scheduled work plan will consist of drilling the initial five wells, completing these wells while the next set of five wells is drilled. Joint drilling and completing operations will continue until all wells are drilled and completed in this program.

Production testing continues at both Beaver Hill #2 and Radio Hill #1 at this time. Methane has completed a water handling and disposal facility capable of handling in excess of 100 barrels of produced water per day. This short term solution utilizes the local waste treatment facility in Coos Bay and currently takes all the produced water that can be delivered on a daily basis from the wells currently on production. Testing of potential water disposal zones in the upcoming wells will commence immediately upon completion of drilling the initial two wells.

Torrent President and Chief Executive Officer, John Carlson, states “We are looking forward to putting into practice the lessons learned from our initial drilling program in 2005 and investigating the natural gas from coal prospects from numerous coal seams at shallower depths in a new area of the Coos Bay basin. We will be drilling in close proximity to the Coos County pipeline system which will provide ready access to gas markets within Coos County and the regional intrastate gas market.”

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 current focus of the Company’s Oregon subsidiary, Methane Energy Corp., is on 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, is focused on two projects in southwestern Washington State where it holds 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 a program of 10 to 15 new vertical wells is scheduled to commence in mid to late September; that well depths will average between 1,500 and 3,000 feet focusing on both Lower and Upper Coaledo coal prospects; that several wells will be drilled deeper than the Lower Coaledo; that drilling of the new wells will be done utilizing Roll’n Oilfield Services Rig #14; that testing of potential water disposal zones will commence upon completion of drilling the initial two wells; that we expect to investigate the natural gas from coal prospects from numerous coal seams at shallower depths in a new area of the Coos Bay basin; that that we will be drilling in close proximity to the Coos County pipeline system. . 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, consultants or proper equipment, potential delays or obstacles in drilling, spudding and interpreting data, that our plans may change based on updated data gathered from our drilling, 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.  

20.09.06 12:47

617 Postings, 6663 Tage rpiazzagibts hier mal wieder nexs?

weiß jemand ob da in nexter zeit was ansteht?
gruß  

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