They will do under-balanced at JB#4 before JB#3

                   OTCBB: PRPL FRANKFURT: 3P2

    CALGARY, March 18 /PRNewswire-FirstCall/ - Park Place Energy Corp.
("Park Place") is pleased to announce that the operator of the Morgan
Highpoint # 4 Test Well, Montello Resources Ltd. (TSX Venture "MEO") has
had Strata Energy Services Inc. ("Strata") based out of Red Deer, Alberta,
Canada and Weatherford Services personnel from Casper, Wyoming, who
specialize in nitrogen drilling packages, mobilize and set up their
under-balanced drilling equipment on the Morgan Highpoint # 4 Test Well.
Upon reaching total depth on the Morgan Highpoint # 4 Test Well, the
drilling rig and Strata's under-balanced equipment will be moved onto the
Morgan Highpoint # 3 Test Well which will then be drilled under-balanced to
total depth.

    By drilling the wells under-balanced, damage to the fractured
reservoirs, which are renowned for producing high volumes of both gas and
oil, can be minimized. In addition, by drilling the wells under-balanced
the Test Wells can effectively be tested and produced at the same time that
they are being drilled, thereby providing significant information as to how
best to complete and equip them.

    Strata's management and engineering team has been involved in the
drilling of over 500 wells under-balanced. Strata has a strong background
in all aspects of managed pressure and under-balanced drilling operations.

    The John Bowen # 2 Test Well will be logged and evaluated utilizing the
same crew that will be logging the Morgan Highpoint # 3 & # 4 Test Wells.
With having already encountered hydrocarbons in the Morgan Highpoint # 3
Test Well, Park Place is excited about getting all three test wells
drilled, logged and evaluated.

http://www.prnewswire.com/

News at 04:00 this morning

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