World Oil Resources Ltd. announced that its joint venture partner has advised that the #1-1 Krehbiel Trust well has been completed and put into production. The operator has installed a surface pumping unit and a production tank battery. The well was completed using a small acid treatment to improve potential production performance.

The disposal of associated salt water will occur into a third party salt water disposal well located on adjacent acreage. The operator has reported initial production rates of 250 total barrels of fluid per day with an average of 20% oil cut. This indicates initial gross oil production rates of 50 bopd.

This is a preliminary rate and a longer production history is required to confirm what the stable rate will be and also to confirm the resource size and economic potential of this well. The better indicator of long term potential is the average production rate over 30 days which will be reported as it becomes available. At the same time, given the encouraging results to date for this well, the joint venture is undertaking a technical evaluation of the surrounding acreage in order to define potential areas of interest and future possible drill locations.

Any further work in this area is of course dependant on the final results from the extended production evaluation at #1-1 Krehbiel Trust well.