Monarch Announces Drilling Results In Louisiana

Dallas, TX - Monarch Gulf Exploration, Inc., a Washington Corporation, announced recently they have participated with a 19% working interest in the drilling of the North Colgrade well in Winn Parish, Louisiana. The well encountered eight feet of gas pay on water in the Wilcox. The well was deemed by the joint venture partners to have marginal economic viability, and was abandoned. The Joint Venture Partners are evaluating further drilling potential based on the results of this well for the 1500 acre lease.

SOURCE: Monarch Gulf Exploration, Inc.,