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    ##### Torrent Energy is pleased to announce .. ###### - 500 Beiträge pro Seite

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     Ja Nein
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      schrieb am 21.12.06 13:06:13
      Beitrag Nr. 1 ()
      RLK

      PR NEWSWIRE) Torrent Drilling Update on Westport and Chehalis Project Areas
      Torrent Drilling Update on Westport and Chehalis Project Areas

      SEATTLE, Dec. 21 /PRNewswire-FirstCall/ -- Torrent Energy Corporation (the
      "Company") (OTC Bulletin Board: TREN) is pleased to announce the following
      developments from its wholly owned operating subsidiaries, Methane Energy
      Corp. ("Methane") and Cascadia Energy Corp. (Cascadia).
      Methane is progressing with its Westport drilling program and to date has
      successfully drilled five wells, MEC 9-21-26-13, MEC 1-21-26-13, MEC 15-21-26-
      13, MEC 16-16-26-13 and MEC 13-15-26-13. All wells were logged and cased and
      each has encountered numerous gassy coal seams consistent with the wells'
      individual geological prognosis. On December 9, 2006, completion operations
      commenced on the MEC 13-15 and MEC 15-21 and each well was perforated over the
      total coal package in each well then shut-in for pressure build-up.
      Planned operations are to perforate the coal seams in the remaining 3
      wells during the first week of January followed up with injection fall-off
      testing on all five wells. The technical information gathered from this
      testing program will be utilized to design appropriate proppant stimulations
      anticipated to occur in March when equipment becomes available to us.
      Injectivity testing will also occur on several of these wells in a
      fractured basalt section to determine suitability for use as a water disposal
      zone.
      Drilling operations have been put on hold at this time to allow us to
      properly assess the potential of the initial five Westport wells. The Roll'n
      Rig #14 has been racked locally in Coos Bay and remains available for future
      work. However, the Methane Operations team has determined that a smaller rig
      would be more appropriate to drill the remaining wells in the program,
      therefore requests for bids have been issued and we expect to identify and
      engage a new drilling contractor early in January. Currently it appears there
      is better rig availability in the North American petroleum industry and we
      have identified a number of smaller, more efficient rig types which will allow
      us to drill the remaining wells faster and for less cost.
      Cascade has now identified its initial drilling prospects in the Chehalis
      basin in the State of Washington and has filed the appropriate drilling
      permits for the initial three wells. Approvals and commencement of drilling
      operations is expected to occur in the first quarter of 2007.
      Torrent's President & CEO, John Carlson, states, "We appreciate the
      assistance Roll'n Oilfield Services provided since the inception of our
      drilling program in Coos Bay. It allowed us to drill wells during an
      overheated period of activity in the North American petroleum industry when
      rig availability was limited. However, it is time to utilize more modern and
      efficient equipment specifically designed to drill coalbed methane wells less
      than 3,000 feet in depth. We anticipate an overall reduction in our drilling
      related capital expenditure ultimately reducing our finding and developing
      costs and improving the project rates of return."
      About Torrent Energy Corporation
      Torrent Energy Corporation is a growing exploration company focusing on
      developing non-conventional natural gas reserves in the Northwestern United
      States. The Company's primary objective is to create value for stakeholders
      by applying strong technical expertise to projects. The current focus of the
      Company's Oregon subsidiary, Methane Energy Corp., is on the exploration of
      the Coos Bay Basin project in southwestern Oregon where the Company currently
      has a land portfolio that includes over 116,000 acres of prospective land. The
      Company's Washington subsidiary, Cascadia Energy, is focused on two projects
      in southwestern Washington State where it holds substantial lease and lease
      option commitments. For more information please visit www.torrentenergy.com.
      On behalf of the Board of Directors,

      TORRENT ENERGY CORPORATION
      John Carlson, President & CEO
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      schrieb am 21.12.06 13:18:58
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