Western Standard Announces Shallow Gas Structure Discovery On Starbuck East Prospect

London - Western Standard Energy Corp., an oil and gas exploration company, announces positive initial drilling results from their first drill program on the Starbuck East Prospect in Valley County Shallow Gas Assembly in the state of Montana with partner Coastal Petroleum Company.

This first exploratory gas well was spudded one week ago and was drilled to a total depth of 1,126 feet by Coastal Petroleum Company, the well operator. The well has confirmed the structure it was drilled to test. The drill program included intersects through two targets – the secondary target called the Judith Sands and the primary target called the Eagle Sands.

"Both horizons were high and both horizons had gas shows indicating potential for gas production," commented Phillip Ware, president and CEO of Coastal Caribbean Oil and Minerals Ltd, parent company of Coastal Petroleum Company. Ware further stated, "We will soon be ready to test the well for it's productivity, followed by the drilling of additional test wells in the area."

It is anticipated that completion operations will commence shortly, in order to test the extent of gas production from both discovery zones. Permitting is ongoing for the drilling of four step-out wells which will further quantify reserves in the discovery zones, and test four additional objective formations below the Eagle Sands and Judith Sands formations.

William Divine, Senior Vice-President, Exploration of Western Standard, states: "We are pleased with the initial results from the test well on the Starbuck East Prospect. With the well having already been cased, we now look forward to well completion and testing."

Pursuant to its Farmout Agreement with Coastal Petroleum Company, Western Standard has financed the cost of the test well and associated lease rentals in return for 100% of the working interest before payout of the test well and 80% of the working interest of the test well after payout.

SOURCE: Western Standard Energy Corp.