Richards Oil & Gas Limited announces tie in of first CBM well and updates operations.

Publication: PR Newswire

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COPYRIGHT 2005 PR Newswire Association LLC

RIX:TSX Venture Exchange

CALGARY, Nov. 30 /PRNewswire-FirstCall/ -- David Thomas, President and CEO of Richards Oil & Gas Limited (the "Corporation"), is pleased to announce that the Corporation has tied in its first CBM well at Morningside on November 18, 2005. The well's initial flow rates are 120 mcf/d. A summary of the Corporation's activities at its six core properties is as follows:

Morningside, Alberta Approximately 38% Working Interest In 23 Sections, 6,506 Net Acres

The Company drilled two earning wells on the initial farmin land block. The first well has been completed and tied into a sales pipeline for long term production testing of the Horseshoe Canyon and Belly River coals. The completion and testing program for the second well will commence shortly. Two additional earning wells and six infill wells (on previously earned lands) are being licensed and should be drilled before year end. Applications for holding and co-mingling of Horseshoe Canyon and Belly River gas are in process. Six additional infill wells are planned for the two sections, which will be...

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