LONDON, ONTARIO -- Sept. 13, 2007 - Echo Energy Canada Inc (TSX VENTURE:EEI) is pleased to announce that after successful flow testing of another Thorold/Grimsby as announced in our press release of September 5, 2007, the company has applied and received 4 new licenses, ECHO 60 to 63, to drill gas wells and has already commenced its drill program on "ECHO 61".
Drilling on these new holes, all located in Bayham Township, starting with "ECHO 61" which has already been commenced on September 5, 2007. The results will be analyzed by (JMPEL) Jim McIntosh Petroleum Engineering Ltd., Echo's consulting petroleum engineer. Results of the drill program will be released as soon as they are made available by the engineering company.
"We are extremely pleased to be drilling more wells in the prolific Thorold/Grimsby zone," stated Mr. Gary Conn, President and CEO of Echo Energy. "The latest results from this zone have all been favourable, that is, in the upper region of the "average" producing rate from Thorold/Grimsby gas wells in the area which has been 20 to 100 Mcfd (thousand cubic feet per day)."
Investors are also asked to visit the Echo Energy IR Hub at http://www.agoracom.com/IR/EchoEnergy where they can post questions and receive answers or review questions and answers already posted by other investors. Alternatively, investors are able to e-mail all questions and correspondence to EEI@agoracom.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.
About Echo Energy Canada Inc.
Echo Energy Canada Inc. is a publicly traded energy company with revenue producing natural gas production operations near Port Burwell Ontario, Canada on the shores of Lake Erie. Echo Energy has a significant equity interest in Echo Power Generation Inc.
Total shares outstanding: 52,779,515
Certain statements in this press release are forward-looking statements including specifically forward-looking statements relating to management's approach to operations, estimates of future sales, production and deliveries, business plans for drilling and development, estimated amounts and timing of capital expenditures, anticipated operating costs, royalty rates, cash flows, transportation plans and capacity, anticipated access to infrastructure or other expectations, beliefs, plans, goals, objectives, assumptions and statements about future events or performance. The reader is cautioned that the assumptions used in the preparation of such information, although considered reasonable by Echo at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. Such factors include, but are not limited to: general economic, market and business conditions; industry capacity; competitive action by other companies; fluctuations in oil and gas prices; the results of exploration and development drilling and related activities; the uncertainty of estimates and projections relating to productions, costs and expenses; uncertainties as to the availability and cost of financing; fluctuations in currency exchange rates; the imprecision in reserve estimates; risks associated with oil and gas operations, such as operational risks in exploring for, developing and producing crude oil and natural gas; risks and uncertainties involving geology of oil and gas deposits; the weather in the Company's area of operations; the ability of suppliers to meet commitments; changes in environmental and other regulations; actions by governmental authorities including changes in laws and increases in taxes; decisions or approvals of administrative tribunals; the effect of acts of, or actions against international terrorism; and other factors, many of which are beyond the control of Echo. There is no representation by Echo that the actual results achieved during the forecast period will be the same in whole or in part as those forecast.
Issued Common Shares: 52,779,515
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For more information, please contact
Echo Energy Canada Inc.
Mr. Gary Conn
President & C.E.O.
(519) 455-6061
Email: gconn@echoenergycanada.com
Website: www.echoenergycanada.com
or
Retail Investor Inquiries
AGORACOM Investor Relations
Email: EEI@agoracom.com
Website: www.agoracom.com/IR/EchoEnergy
