PRVB - Powder River Basin & Gas Corp. Message Board

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Gold/Mining/Energy : PRVB - Powder River Basin & Gas Corp.

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From: jmhollen	4/18/2005 8:26:43 AM
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Powder River Reports on Current Status and Forward Momentum 4/18/2005 7:05:03 AM CALGARY, ALBERTA, Apr 18, 2005 (CCNMatthews via COMTEX) -- Powder River Basin Gas Corp. (PRVB) - Powder River Basin Gas Corp., a revenue generating producer and acquirer of crude oil and natural gas, today reported that its acquisition strategy is garnering significant results which will positively impact the first and second quarter ended March 31st and June 30th respectively. Highlights: - Wells have been acquired and brought to production within a ninety day time frame. - Acquisitions are geographically dispersed avoiding dependence on one area. - Oil prices, by industry experts, are estimated to reach over US$105.00 per barrel. - The Company, for the first time in its history, completed its 2004 fiscal year with US$1,007,575 million in net profits US$0.01 per share. - The term "development corporation" from the Company's auditors was removed on the last financial statement for the year ended December 31, 2004. - The Company's net asset value positions it to be considered for listing alternatives. Powder River Basin Gas Corp. is active in production and acquisition of crude oil and natural gas. Powder River Basin Gas Corp. trades on the OTCBB under the symbol PRVB. Powder River Basin Gas Corp. Patrice Nazareno Investor Relations Toll Free 1-866-515-7708 www.powderrivergascorp.com or DeMonte Associates Cynthia DeMonte Public Relations (212) 605-0525 .

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