WI The Western Investment Company of Canada Limited

Triton Energy Corp. ("Triton" or the "Corporation") (TSX VENTURE:TEZ) is pleased
to announce that its summer drilling program has commenced. The Corporation
plans to drill six to eight 100% working interest ("WI") operated wells between
now and the end of September.


Triton's summer drilling program includes three to four wells planned at Newton
(100% WI) targeting natural gas in the Ellerslie, Sparky and Belly River
formations; one to two wells at Sullivan Lake (100% WI) targeting oil in the
Banff formation; and one to two wells at Sullivan Lake (100% WI) targeting
natural gas in the Viking and Belly River formations. Proprietary seismic
programs have been conducted in these areas to help delineate current drilling
locations.


The first well in Triton's summer drilling program, located at Newton, has been
drilled and cased as a Belly River well. It is an offset to a well successfully
drilled by Triton in the first quarter of this year. Pipelining operations are
currently underway to tie-in both of these (100% WI) operated wells, which are
expected to add approximately 200 boe per day of initial net production to
Triton.


For further information regarding Triton please see the Corporate Presentation
at Triton's website, www.tritonenergy.ca.


Triton is a Calgary, Alberta based corporation engaged in the exploration,
development and production of petroleum and natural gas. The Corporation's
common shares are listed on the TSX Venture Exchange under the trading symbol
"TEZ".


Forward-Looking Statements

This news release may include forward-looking statements including opinions,
assumptions, estimates and management's assessment of future plans and
operations, number and location of wells to be drilled, timing of drilling of
wells and expected formations, timing of pipelining operations and initial net
production rates from wells being tied-in. When used in this document, the words
"anticipate," "believe," "estimate," "expect," "intent," "may," "project,"
"plan", "should" and similar expressions are intended to be among the statements
that identify forward-looking statements. Forward-looking statements are subject
to a wide range of risks and uncertainties, and although the Corporation
believes that the expectations represented by such forward-looking statements
are reasonable, there can be no assurance that such expectations will be
realized. Any number of important factors could cause actual results to differ
materially from those in the forward-looking statements including, but not
limited to, risks associated with oil and gas exploration, development,
exploitation, production, marketing and transportation, the volatility of oil
and gas prices, currency fluctuations, the ability to implement corporate
strategies, the state of domestic capital markets, the ability to obtain
financing, incorrect assessment of the value of acquisitions, failure to realize
the anticipated benefits of acquisitions, changes in oil and gas acquisition and
drilling programs, delays resulting from inability to obtain required regulatory
approvals, delays resulting from inability to obtain drilling rigs and other
services, delays in tie-in operations, results from testing, environmental
risks, competition from other producers, imprecision of reserve estimates,
changes in general economic conditions and other factors more fully described
from time to time in the reports and filings made by Triton with securities
regulatory authorities. Readers are cautioned not to place undue reliance on
forward-looking statements, as no assurances can be given as to future results,
levels of activity or achievements. Except as required by applicable securities
laws, the Corporation does not undertake any obligation to publicly update or
revise any forward-looking statements.


Disclosure provided herein in respect of barrels of oil equivalent ("boe") may
be misleading, particularly if used in isolation. A boe conversion ratio of 6
mcf of natural gas to 1 bbl of oil is based on an energy equivalency conversion
method primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead.

The Western Investment C... (TSXV:WI)
Historical Stock Chart
From Jun 2024 to Jul 2024

The Western Investment C... (TSXV:WI)
Historical Stock Chart
From Jul 2023 to Jul 2024