Kenartha
KJ5 on the Frankfurt Exchange
 
Kenartha oil and gas limited reports status of Expansion program in southern ontario - (Jan. 08, 2007)

Toronto, Ontario - Kenartha Oil & Gas Company Limited (Frankfurt Exchange: KJ5), an explorer and developer of natural gas resources, is pleased to announce that the well enhancing technology of hydraulic fracturing ("fracing") of the well gas zones ("pay zone") at the company's Expansion Program in southern Ontario, Canada (PR Dec. 20, 2006) will re-commence this week. The lack of freezing temperatures and warm-rainy non-seasonal weather has delayed and hampered access for the heavy fracing equipment to the well sites.  

A brief explanation of the hydraulic fracturing process, is the injecting of a fluid and fine sand under very high pressures from the surface down the well into the gas trapped rock formation (pay zone) that cracks the rock, making small channels for the gas to flow back to the well bore. The pay zone is normally a fairly tight rock formation, which has a certain porosity. The high pressure liquids ("fracturing fluids") cracks the rock spreading outward from the well and as the cracks are being formed a fine sand is pumped into these cracks that prop  and support the cracks open. The liquids are then withdrawn slowly so the sand stays in place allowing the cracks to form connected passage-ways for the gas to flow. After the well has been cleaned out of the injected liquids, a pressure and gas flow test is taken and the well is capped ready to be put into production.

Based on current more favourable weather conditions, management expects the drilled fifteen (15) wells to be fraced and cleaned within the next 2 to 3 months. As previously stated, groups of wells completed will be hooked up for production as an on-going stage.

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.

Information presented in this newsletter contain 'forward looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking statements.' Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as 'projects', 'foresee', 'expects'', 'will,' 'anticipates,' 'estimates,' 'believes,' 'understands' or that by statements indicating certain actions 'may,' 'could,' or 'might' occur.

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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