Triple Diamond Energy Announces Commencement of the McClure-Diamond No.1 Project

PRLog (Press Release) - Mar 01, 2008 -
Addison, TX – Triple Diamond Energy Corp. (http://www.triplediamondenergy.com) reported today that the Oklahoma Corporation Commission has issued its permit to drill the McClure Diamond #1 well, the first well of the McClure Diamond No. 1 project in Garvin County, Oklahoma.  The McClure-Diamond No. 1 project is a four well step-out drilling program at a southeastern extension of the Hoover field.  

The construction of the well site is nearing completion in anticipation of an imminent spud date.  Mud-logging and additional geological services have been engaged.  TDEC has entered into an operating agreement with Explo Oil, Inc. whereby Explo will perform services with respect to drilling, testing and completion of the prospect wells.  

Oklahoma ranks fifth in the nation in crude oil production (behind Texas, Alaska, California and Louisiana) and is second in natural gas production (behind Texas). The state produces 3.3 percent of the nation's crude and 8.8 percent of the natural gas in the U.S.

About Triple Diamond Energy Corporation:  Triple Diamond Energy Corp. (http://www.triplediamondenergy.com) is engaged in the acquisition and development of high quality verifiable oil and gas reserves with a primary focus to obtain undervalued producing properties with optimal life potential at the lowest possible cost. Triple Diamond Energy is a privately held corporation located in Dallas, TX.

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