Kenartha
KJ5 on the Frankfurt Exchange
 
Kenartha reports upgrades to Arthur compressor station - (Dec. 11, 2006)

Toronto, Ontario - Kenartha Oil & Gas Company Ltd. (Frankfurt Exchange: KJ5) , an explorer and developer of natural gas resources, is pleased to announce that the current upgrading of its natural gas Compressor/ Dehydrator Station in Arthur Township, Ontario has been completed, including the introduction of a digital meter recorder system of Union Gas.

The Company has sales agreements with Union Gas for the purchase of its natural gas products.

The Company anticipates that the upgrade will facilitate the operation and enhance the recorded production in the Arthur Gas Pool.

The buyer, Union Gas, is an integrated natural gas storage, transmission and distribution company serving residential, commercial and industrial customers in more than 400 communities of eastern Ontario, southwestern and northern Ontario, Canada. It also provides storage and transportation services to other utilities and energy market participants in Ontario, Quebec and the United States. Union Gas is an entity of Duke Energy (symbol:DUK) which is listed on the New York Stock Exchange (NYSE).

Company management is encouraged by the increased demand and subsequent potential rise in value of natural gas in Ontario, Canada.

About Kenartha Oil and Gas Company Limited

Kenartha Oil & Gas Company Limited (Kenartha) is an oil and natural gas exploration, acquisition, development and production firm.

The Company holds interests in natural gas production facilities in southern Ontario, Canada near Canada's first oil wells. Kenartha has sales agreements with Union Gas Limited for the purchase of its natural gas production.

Kenartha is traded on the Frankfurt Exchange under the symbol “KJ5”. For further information please visit the company’s website at kenartha.com.

WARNING: The company relies upon litigation protection for "forward-looking" statements.

For further information contact:

Mr. Ernest Harrison, EM, CEO
Mr. Marty Martinello, B.A., V.P.
Phone: 705-474-7282
Fax: 705-474-5491
Email: ernie@kenartha.com
  Mr. Robert Chase, B.A., CFO
Phone:416-368-9595
Fax:  416-368-6827
Email: rob@kenartha.com
 


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