PetroWorth Updates E-08 Results And Announces Four-Well Drilling Program

Calgary, Alberta - PetroWorth Resources Inc. announced recently that Telluric Petrophysical Consulting Ltd. has completed its petrophysical analysis (including 26 sidewall core samples) of the West Stoney Creek E-08 (Feenan #2) well, which was drilled in November/December 2007. The petrophysical report on E-08 includes the following results:

• Five sand packages have been identified as potential gas zones.
• The combined potential gas pay thickness for these five zones is 40.0 metres with an average porosity of 10.1%.
• Maximum permeability (to air) was 2.01 mD on the highest porosity core sample, suggesting a correlation of increased permeability with increasing porosity.
• The well was drilled with air until a depth of 1023 metres. Over this interval, very good natural gas shows were seen at surface with gas rates measured at 650,000 cubic feet per day. This gas was flared off over a three-day period until the well was switched to a mud system.
• After switching to a mud system, excellent gas readings were measured from 1023 metres to total depth of 1605 metres.

Perforation and testing of the two best zones in E-08 will be conducted as soon as possible. A frac stimulation of the well is expected to take place in the spring when frac equipment and crews will be available in eastern Canada.

In light of the encouraging results at E-08, PetroWorth announces a four-well drilling program on its New Brunswick Rosevale lease. Two wells will be drilled in the area of the E-08 natural gas discovery, plus the two previously postponed exploration wells on the southwestern part of the lease. PetroWorth is now in the process of sourcing and commissioning a drilling rig. The company expects to complete the drilling of all four wells during the first half of 2008.

SOURCE: PetroWorth Resources Inc.