Lucero Energy Corp Com V.PSH

Looks like galleon energy hit a homer

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CALGARY, Mar 9, 2006 (Canada NewsWire via COMTEX) -- Galleon Energy Inc. ("Galleon") announces a major light sweet oil discovery in the Puskwa, Alberta area of Peace River Arch. The discovery was made as part of a strategy to explore for high impact, big reserve base projects. Galleon previously announced that the first Puskwa well (100% interest), located at 13-11-72-26W5M, flow tested at 2.7 mmcsfd of sweet natural gas and 75 boepd of natural gas liquids (525 boepd) from the Granite Wash zone. A second zone, the Beaverhill Lake, had not been tested at the time of the announcement. Light Sweet Oil Discovery ------------------------- The second well (100% interest), located at 16-32-71-26W5M, was drilled 3 miles from the 13-11 well with rig release on March 1, 2006. This well was drilled to a total depth of 10,354 feet and encountered 33 feet of oil pay with 14% weighted average porosity based on log analysis. The well flow tested at a rate of 2,559 boepd (90% oil and 10% gas) on a 10.32 mm choke. Reservoir drawdown was 10% during the test. The quality of the light sweet oil is 38 degrees API. Three other zones in the second well, including the Granite Wash, are expected to be gas bearing (based on log analysis) but have not been tested. Development plan