|Yet another one - News Release|
RSX Energy Inc. Provides Update in Hinton Area
CALGARY, Nov. 30 /CNW/ - RSX Energy Inc. (RSX on the TSX Venture Exchange) is pleased to provide an update on recent activity at its Hinton property.
RSX has added to its land position with the purchase of 2 sections of Crown land at the November 29, 2006 land sale. The lands were acquired by RSX and Shell Canada Limited on a 50/50 basis. The lands are offset by 100% RSX lands to the east and west. RSX is currently surveying a 100% location at 8-4-51-25 W5M adjacent to the joint-interest lands recently acquired. Depending on continued drilling success the 8-4 well could spud after spring break-up.
Based on current area activity and its own future drilling plans, RSX has applied for additional firm service in the Hinton pipeline.
The company currently has approximately 13.35 mmcf/d of firm service and has applied for an additional 13 - 15 mmcf/d of line space. The application is the preliminary step in assuring RSX with consistent gas deliverability to the marketplace. The application carries no financial commitment at this time and can be cancelled based on additional Hinton drilling results in early 2007.