BONTAN CORP INC BNTNF

Drilling Resuming in 2 Days

[ajootian]

LOUISIANA GAS PROJECT DRILLING SITE OF BONTAN CORPORATION INC. UNAFFECTED BY HURRICANE RITA TORONTO, ON – September 27, 2005, Bontan Oil and Gas Corporation, a wholly – owned subsidiary of Bontan Corporation Inc. (OTCBB: BNTNF) (“Bontan”), today announced that Hurricane Rita caused no structural damage to either the rig or drilling site of the initial well located in Calcasieu Parish, LA. Drilling personnel who were evacuated for safety reasons are now back on site and drilling operations are expected to resume within forty-eight hours. The initial well depth is currently below 11,800’ and should reach the proposed total depth of 15,300’ within 20 days. The zones to be tested by the initial well have possible reserves of up to 50 billion cubic feet equivalent of gas (BCFE). The management of Bontan continues to extend its thoughts and prayers to the residents and business owners affected by the recent hurricanes Katrina and Rita. Brammer Engineering, Inc. of Shreveport, LA is the engineering manager of the gas exploration project in eastern Calcasieu Parish, Louisiana and is managing drilling operations conducted by Grey Wolf, Inc. (AMEX: GW) of Houston, TX for the initial test well. Bontan will continue to release weekly reports during the drilling period, with other announcements as operational activities dictate and upon achieving target depth. *************************************************************** cswalter, I wanna see you loading up on this turkey.