June 25, 2008 at 03:00 AM EDT
Stealth Energy Inc Updates Drilling at Teapot

June 25 2008 - On 3 June 2008 Stealth Energy Inc. (the “Company” or “Stealth”) announced that the Bureau of Land Management (“BLM”) had approved the Company’s application to deepen 8 wells at East Teapot Dome. Stealth is pleased to announce that it has now hired Trinity Drilling of Gillette, Wyoming, to drill and deepen a minimum of three of these wells into the Shales at approximately 2500 feet. In the Company’s opinion, this zone presents as favourable for horizontal drilling. Stealth is presently permitted to vertically deepen at this juncture, which puts it in a position, with the appropriate data obtained from the drilling program, to apply to the BLM for horizontal permits. This work is carried out under the supervision of Jake Oil & Gas, the Company’s oil engineering consultants, and is part of the Stealth’s overall program to develop East Teapot Dome. Trinity Drilling is already on site at Teapot Dome and ‘active’ with its crew.

Stealth’s ‘work over’ crew remains on site at East Teapot Dome and has substantially completed its workover program, and is now maintaining and upgrading the total infrastructure, including pipelines, pump jacks and separator towers all with a view to an anticipated increase in oil production. Stealth is pleased to confirm that it expects to ship to Shell Oil approximately 6 truckloads this month 2 of which were backlogged from May.

Stealth Energy Inc. is an exploration and production oil & gas company with its field office in Billings, Montana, USA. The company continues to develop its own oil and gas properties and is continuing to make acquisitions primarily within the states of Montana and Wyoming. For further information please contact Carlo Nigro at (604) 669-7831 or stealthenergy@telus.net.

Stealth Energy Inc.

“John Campbell”

John Campbell

President

The CNQ Exchange has not reviewed this news release and does not accept responsibility for its adequacy or accuracy.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here