Drilling updateCALGARY, March 20 /CNW/ -
Operations Update
Strike Petroleum Ltd. ("Strike") (TSXV/SPP) wishes to advise its
shareholders that we have a drilling rig under contract to Strike and working
the fifth well in our latest drilling program. To date the first 4 wells
(3.5 net) have been cased and show hydrocarbon potential. Production testing
is in progress on two wells however rates and tie-in schedules are not
available at this time. A third well will be tested to our compressor facility
starting March 21, 2006 and continue production after pressure build-up tests.
Strike expects to continue our drilling program until spring break-up.
March 1, 2006
Strike has filed with Canadian securities regulatory authorities its
unaudited financial statements for the 1st Quarter ended December 31, 2005,
and the accompanying Management's Discussion and Analysis. These filings are
available for review at www.sedar.com.
` The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
%SEDAR: 00020589E
-0- 03/21/2006
/For further information: Orville Cole, President, Strike Petroleum Ltd.,
Tel: (403) 264-2332 Ext. 22, Fax: (403) 264-2350,
www.strikepetroleum.com/