Prairie Schooner Petroleum Ltd. Announces 2006 Capital Program of $85 Million

From: CCNMatthews Newswire | Date: December 9, 2005 | Copyright information

CALGARY, ALBERTA--(CCNMatthews - Dec. 9, 2005) - Prairie Schooner Petroleum Ltd. (TSX:PSL) ("Prairie Schooner" or the "Company") is pleased to announce that its Board of Directors recently approved an $85 million capital program for 2006. The program will be entirely funded from cash flow which is anticipated to exceed the capital program by approximately 10 percent. The capital program provides for the drilling of 250 gross (140 net) wells as well as investing approximately $7.5 million in l...

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