Forest Gate Energy Inc.
Symbol & Exchange: FGE-V
Forest Gate Announces Initial Test Results at Kelsey
Montreal, QC – September 3, 2008 - Forest Gate Resources announces that the operator of the Basal Belly River natural gas well in Kelsey, Alberta has recently perforated the well and tested a new pool. During the 48-hour flow test the Basal Belly River flowed approximately 265 thousand cubic feet of gas per day on a 32/64ths-inch choke with 1,800-kilo-pascal (kPa) flowing casing pressure. Recorders have been placed to measure build-up pressure for a 10-day cycle.
The tie-in location has been identified with plans for pipeline construction to begin immediately after surface rights and pipeline permit are acquired. The Upper Belly River formation will remain behind casing at this point for future development.
About the Company
Forest Gate Resources Inc. is an international oil & gas exploration company. The company is seeking to
increase shareholder value through participation and development of oil & gas exploration and production
projects in Ireland and Canada. The Company's shares trade under the symbol FGT on the TSX Venture
Exchange.
All figures such as drilling results and production rates have been reported by, Shelby Beattie, President and CEO of operator, Emerald Bay Energy.
For more information please contact:
Robert Kramberger,
V-P, Investor Relations
1-866-666-3040
rkramberger@forestgate.ca
www.forestgate.ca
About Forward-Looking Information and Statements
This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward looking statements, oral or written, made by itself or on its behalf. The TSX Venture Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this news release.
