Opal Energy Corp, (the ”Company”) is very pleased to announce the addition to its staff of three key technical and operational personnel, formerly with EEX Corporation, who were instrumental in the drilling and completion of 10 ultra-deep high pressure / high temperature wells in the deepwater Gulf of Mexico in the late 1990s, the deepest well with a total depth of 29,000 ft.

Tommy D. Bolin, B.Sc., P.E., has been appointed to the position of Chief Operating Officer. Tommy brings over 25 years of technical and management experience in oil and gas, having filled various roles with increasing levels of responsibility at Enserch Exploration, EEX Corporation, TransTexas Gas and Clayton Williams Energy, Inc. 

Jesse Allen, B.Sc., P.E., will serve as Engineering Manager for Opal Energy Inc. In addition to his experience at EEX Corporation, Mr. Allen has for more than 25 years been responsible for various engineering and operations functions at Coastal Oil & Gas Corporation, BP Amoco and Trans Texas Gas, and up to September 2006 was the drilling and completion engineering advisor with Kerr-McGee’s global technology group. 

Rick Ysa, B.Sc. Petroleum Engineering, will serve as Drilling Manager for Opal Energy Inc. Mr. Ysa has been an active member in several high profile projects, including his experience at EEX Corporation, and has a demonstrated capability to employ the latest technology and manage complex drilling projects through the planning, design and execution phases. Ysa has recently made meaningful contributions to the drilling organizations within Kerr-McGee and Anadarko Petroleum.

Mr. Ron Oligney, CEO says, “We look forward to drilling a number of ultra-deep onshore wells pursuant to Opal’s ‘Texas Giants’ strategy, so these staffing additions will prove to be huge for Opal in terms of the credibility and real capability they add.”

Opal Energy
Opal Energy Corp., through its U.S. subsidiary Opal Energy Inc., offers an aggressive, disciplined and results-oriented vehicle to invest in the U.S. Exploration and Production sector with a particular focus on natural gas exploration targets in South Texas. The Company is actively identifying, funding and drilling a portfolio of modest to high to extremely high-return natural gas exploration targets. Drilling risk is mitigated using advanced seismic techniques and by taking carried working interests in most wells (attracting funding partners for its wells). Opal has undertaken a 75 square mile 3D seismic shoot and will deploy an estimated $17 million to upgrade and expand its portfolio of drilling prospects in 2007-08.