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ADB Admiral Bay Resources Inc.

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Share Name Share Symbol Market Type
Admiral Bay Resources Inc. TSXV:ADB 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 -

Admiral Bay Updates Activity in SE Kansas Projects

03/06/2008 9:52pm

Marketwired Canada


Admiral Bay Resources Inc. (TSX VENTURE:ADB) ("Admiral Bay" or the "Company") is
pleased to update activity in its projects in SE Kansas. In the Shiloh field,
the Company has ordered two new electric compressors that will replace its
current gas powered unit allowing increased sales and lower operating costs.
Delivery is scheduled for late summer. It has also seen success utilizing
compressed air to clean up near wellbore damage in several wells. This method,
termed "huff and puff" injects air into the reservoir that loosens up coal fines
that have flowed to the near well bore resulting in restriction to the flow of
water and gas. The method as applied has turned around wells that may have been
damaged by fracing with flow rates increasing up to 150% as a result. The cost
is minimal and three to five wells can be done in a day. A "huff and puff" test
program has also been carried out in the Devon field on 4 wells with similar
results.


In the Mound Valley field, the Company has commenced a 20 well drilling program
that will extend its production to the west and test new acreage. A new amine
plant and dehy have been installed and additional upgrades to the gathering
system are ongoing to handle the anticipated production from the new wells.


In the Santa Rita project, the Company is reviewing proposals to fracture
stimulate the coals as well as the Chattanooga (Woodford) shale in its existing
wells. It expects to test these wells this summer.


The Company has granted 750,000 options at $0.29 (CDN) to various employees,
officers and directors of the company. The options vest over a period of two
years and are exercisable for a period of five years until June 3, 2013.


Admiral Bay Resources Inc. (www.admiralbay.com) is an emerging unconventional
gas production company focused on the development of projects in the Cherokee
Basin in southeast Kansas and the Appalachian Basin in Pennsylvania. Admiral Bay
is listed on the TSX Venture Exchange under the symbol ADB.


Statements in this release that are not historical facts are "forward-looking
statements" within the meaning of the U.S. Private Securities Litigation Reform
Act of 1995. Readers are cautioned that any such statements are not guarantees
of future performance and that actual developments or results may vary
materially from those in these "forward-looking statements".


1 Year Admiral Bay Resources Inc. Chart

1 Year Admiral Bay Resources Inc. Chart

1 Month Admiral Bay Resources Inc. Chart

1 Month Admiral Bay Resources Inc. Chart