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Gold/Mining/Energy : Creston Resources (CSTJ )

CSTJ 0.00

Oct 31 5:00 PM EST

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To: Larry Dambra who wrote (2)	10/13/2004 11:44:07 AM
From: Larry Dambra	of 4

CSTJ Announces the Successful Test of Its Brennan Federal 4-15 Gas Well October 13, 2004 09:00:00 AM ET Creston Resources Inc. (Pink Sheets: CSTJ) announced today the successful test of its Brennan Federal 4-15 Gas well. The well was completed as a Uintah formation gas producer. The well flowed at 500 MCFPD during production testing and is currently shut in with 2100 psig awaiting completion of the pipeline connection. Creston Resources has completed the installation of the surface equipment necessary to place the well into production. The surface equipment installed includes tank battery, treater and dehydator necessary to dry the produced gas to pipeline specifications. Creston is finalizing a gas contract with an end user which will allow Creston to achieve retail pricing of this gas. The contract will allow Creston to bypass the middle-man and the additional gathering and transportation fees thereby achieving the highest net price possible for the gas. Creston is in the process of securing a 5.8 mile right-of-way for the installation of a gathering system from the well to the main line tap, which will transport its gas and also third party gas to market. This gathering system will enhance Creston's revenue stream by allowing Creston to charge gathering and transportation fees to third party producers to access market for their gas production. This press release does in no way constitute a reason to purchase the stock of CSTJ as the company cannot predict the outcome to be a success. Forward-looking statements and comments in this press release are made pursuant to the safe harbor provisions of the Securities and Exchange Act of 1934. Such statements relating to, among other things, the prospects for the companies to complete the transactions and enhance the operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the company from time to time with the Securities and Exchange Commission in the future. Contact Information: Creston Resources Inc. Paul L. McCulliss, 801-364-9724 www.crestonresources.com © 2004 BusinessWire

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