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IT Strategy Authors: TJ Randall, Lisa Calkins, Peter Silva, Anders Wallgren, Mat Mathews

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Longford Commences Completion Operations on Five Wells at Its Moundville Coal Bed Methane Project

Longford Commences Completion Operations on Five Wells at Its Moundville Coal Bed Methane Project

CALGARY, ALBERTA -- (MARKET WIRE) -- 11/20/06 -- Longford Corporation (TSX VENTURE: LFD) reports that it has commenced completion operations on five wells that were recently drilled at its Moundville, Alabama coal bed methane ("CBM") project.

This initial five well program has targeted five intervals of Pottsville coals in the Black Warrior Basin. These wells have encountered over 80 net feet of thickness in these coals over the interval of 700 to 3400 feet in depth. These are some of the thickest total coal sections found to date in the Black warrior basin. Individual coal seams have been logged at thicknesses up to 22 feet which is similar to total thickness in many Black Warrior fields.

The dewatering of these five wells is expected to commence by mid January 2007 with potential gas production anticipated within three to six months.

Longford has also secured an existing gas and water gathering system and water disposal system that will serve the Moundville, Alabama project. The gathering system was acquired at no cost to Longford by assuming the abandonment liability. The disposal system was acquired at a fraction of new construction costs. The use of these nearby facilities is expected to generate cost savings of approximately $75,000 per well and will serve the majority of the areas in Moundville that Longford intends to develop.

Longford has recently farmed into the Moundville CBM pilot project and can earn the right to operate 8,682 acres (6,571 net) in the Moundville area upon drilling a further 15 wells in 2007.

Longford Corporation is a Canadian oil and gas exploration company listed on the TSX Venture Exchange under the symbol "LFD". The Company is focused on exploring for and developing North American oil and gas assets and currently has two Coal Bed Methane projects in Barrhead Alberta and Moundville Alabama.


Longford Corporation
David Walters
President & CEO
(403) 263-3000 ext. 298
Email: [email protected]

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