Magnus Energy Achieves Q2 Exit Production Target

From: CCNMatthews Newswire | Date: June 27, 2006 | Copyright information

CALGARY, ALBERTA--(CCNMatthews - June 27, 2006) - Magnus Energy Inc. (TSX VENTURE:MEI.A) (TSX VENTURE:MEI.B) ("Magnus" or the "Company") is pleased to announce that it has achieved its Second Quarter ("Q2") exit production target which was forecast to be 600 to 700 BOED. The current net production for Magnus is now 703 BOED as a result of success in the following areas.

Paradise Valley - East Central Alberta

Magnus has reached full production of 2,000 mcfd (333 BOED) at Paradise ...

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