Pasinex Resources Ltd C.PSE

$$$$$ LCD-1 NEWS! $$$$$

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PACIFIC STRATUS ENERGY LTD Transmitted by CNW Group on : December 18, 2007 07:00 Pacific Stratus Announces La Creciente D-1 Well Reaches Target Zone TORONTO, Dec. 18 - Pacific Stratus Energy Ltd. announced today that the La Creciente D-1 (LCD-1) well located at Prospect "D" in the Lower Magdalena Basin of Colombia, 6,000 metres to the northeast of LCA-1, has been drilled to a Measured Depth of 10,850 feet and has encountered the top of reservoir in the Cienaga de Oro Formation at 10,837 feet Measured Depth. The company is now preparing to record electrical logs in the well and then run and cement the 7-inch liner to protect the borehole before resuming drilling to the planned final depth at 11,510 feet Measured Depth. While drilling through 13 feet of reservoir, cuttings of well-sorted, fine to coarse grained sandstones were recovered at the surface. This interval also showed significant counts of methane, over 55,700 parts per million, despite the high mud weight (15.0 pounds per square inch) used to control reservoir pressures. The company also announced that it has spudded the La Creciente A-4 (LCA-4) well. This appraisal well will target the Cienaga de Oro Formation at a depth of 10,550 feet at approximately 800 metres SW of LCA-1. Production facilities and flow lines at La Creciente are undergoing final testing and the company expects to start the first commercial gas deliveries against existing contractual commitments by the end of the month. Pacific Stratus holds a 100% interest in the La Creciente Block. Pacific Stratus Energy is a Canadian-based oil and gas company that initiated operations in 2004. The company is focused on identifying attractive opportunities primarily within the upstream Sub Andean basins. Pacific Stratus has a current net production of 1,900 barrels of oil per day, with working interests in the Caguan, Dindal, Rio Seco, Puli B, La Creciente, Moriche, Guama and Arauca blocks in Colombia and blocks 135, 137 and 138 in Peru. The company has offices in Toronto, Caracas and Bogota. Further information is available on our website at www.pacificstratus.com. For further information: Jose Francisco Arata, Chief Executive Officer, [phone], [e-mail]