Magnus Energy Announces Recent Drilling Results and Operational Update

From: CCNMatthews Newswire | Date: January 24, 2006 | Copyright information

CALGARY, ALBERTA--(CCNMatthews - Jan. 24, 2006) - Magnus Energy Inc. (TSX Venture:MEI.A) (TSX Venture:MEI.B) ("Magnus") is pleased to announce that since its inception, Magnus has participated in the drilling of 16 gross wells to date (13.5 net wells). Of these 16 gross wells, 11 wells have been completed as commercial producers, two wells are currently undergoing completion, two wells were completed and suspended pending further work and one well was D&A.

Magnus is also pleased to pro...

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