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LBR Longbow Resources Inc. (Tier2)

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Share Name Share Symbol Market Type
Longbow Resources Inc. (Tier2) TSXV:LBR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Longbow Resources Inc. Completes and Tests 2nd Byemoor Oil Well

07/01/2008 7:07pm

Marketwired Canada


Longbow Resources Inc. (TSX VENTURE:LBR) ("Longbow") is pleased to announce that
the company has completed and tested its second new well on its Byemoor
Property. The LONGBOW HZ FENNBV 3-9-35-18W4 well spudded on Dec 11 and rig
released Dec 20, 2007. The well is a horizontal well drilled from a surface
location in 8-8 to a bottom hole location in 3-9-35-18W4. The open hole
horizontal section was drilled to a length of 478m. The well was completed from
Dec 27 to Jan 7th.


The well swab tested within the range of management's original expectations and
is behaving very similar to the first new well, which the Company completed in
the Byemoor pool on Nov 24th 2007. The Company plans to produce the well at a
stabilized rate in the 40 to 70 boepd range. The variation in production is,
once again, due to the initial relativity high gas to oil ratio, which may
curtail production due to potential gas processing facilities restraints in the
area at this time. The well is expected to be tied-in and on production by
February 2008.


Longbow is a junior oil and natural gas company based in Calgary, Alberta with
core natural gas & oil properties located in Alberta, Saskatchewan and British
Columbia.


Certain statements contained herein may constitute forward-looking statements.
These statements relate to future events or our future performance. All
statements other than statements of historical fact may be forward-looking
statements. Forward-looking statements are often, but not always, identified by
the use of words such as "seek", "anticipate", "plan", "continue", "estimate",
"expect", "may", "will", "project", "predict", "potential", "targeting",
"intend", "could", "might", "should", "believe" and similar expressions. These
statements involve known and unknown risks, uncertainties and other factors that
may cause actual results or events to differ materially from those anticipated
in such forward-looking statements. We believe that the expectations reflected
in the forward-looking statements are reasonable based upon management's current
views but no assurance can be given that these expectations will prove to be
correct and such forward-looking statements should not be unduly relied upon. No
assurance can be given that actual results, performance or achievement expressed
in, or implied by these forward-looking statements will occur, or if they do,
that any benefits may be derived from them. Past results have been applied in
drawing a conclusion or making a forecast or projection set out in the
forward-looking information.


The term barrels of oil equivalent ("boe") may be misleading, particularly if
used in isolation. A boe conversion ratio of six thousand cubic feet per barrel
(6mcf/bbl) of natural gas to barrels of oil equivalence is based on an energy
equivalency conversion method primarily applicable at the burner tip and does
not represent a value equivalency at the wellhead. All boe conversions herein
are derived from converting gas to oil in the ratio mix of six thousand cubic
feet of gas to one barrel of oil.


1 Year Longbow Resources Inc. (Tier2) Chart

1 Year Longbow Resources Inc. (Tier2) Chart

1 Month Longbow Resources Inc. (Tier2) Chart

1 Month Longbow Resources Inc. (Tier2) Chart