Hadro Resources Inc. Announces Moffat Ranch, Madera County, California Oil and Gas Exploration Agreement

Apr 26, 2001, 01:00 ET from Hadro Resources, Inc.

    RENO, Nevada, April 26 /PRNewswire/ -- Agreement for New Oil and Gas
 Exploration:  Hadro Resources, Inc. ("the Company") (OTC Bulletin Board:   HDRS)
 is pleased to announce that it has entered into an agreement with Northwest
 Petroleum, Inc. of Bakersfield, CA to explore and drill for oil and gas on
 approximately 5,000 acres of leases located in Madera County, California.  The
 Company has the rights to obtain a 32.81% net revenue interest and 43.75%
 working interest before the Company's invested capital is repaid, and a
 28.125% net revenue interest and 37.5% working interest after the Company's
 invested capital is repaid.  The Company plans to invest a total of
 approximately $1.2 million in exploration funding to conduct 2D and 3D seismic
 surveys and to drill and complete two gas wells in return for its net revenue
 and working interests.  The Company is working in partnership with Canadian
 Metals Exploration Limited, the CDNX exchange listed company (symbol CEL) that
 has an interest equal to that of the Company, to jointly undertake a
 $2.4 million exploration and drilling initiative on the Moffat Ranch gas
 leases this summer and fall.
     Moffat Ranch Gas Leases -- Madiera County, CA:  The existing leases and
 lease options provide rights to approximately 5,000 acres of leases in Madiera
 County, California.  There is a gas gathering and sales pipeline located
 through the lease field.  The Moffat Ranch leases are located within one mile
 of the existing production of the Triangle T 1-28 well drilled by GeoPetro
 Resources Company in 1999, and operated by Samedan Oil Corporation, that
 tested 3.6 MMCFNG/day.  Samedan Oil, Northwest Petroleum, Vern Jones, and
 others have other producing wells in the immediate area.  The Company's
 operating partner is Northwest Petroleum who has demonstrated expertise and
 existing commercial production on the area of interest.
     Project Drilling and Development Program Outline:  The Company expects to
 raise capital internally to fund its interests in the Moffat Ranch Gas Field
 in conjunction with its investment and project development partner, Canadian
 Metals Exploration Limited to drill two gas wells on the Moffat Ranch leases.
 Leases obtained and further seismic lease options are based on 2D seismic and
 geological reporting conducted to date.  Project development will include
 $600,000 of 3D seismic work to refine drilling targets for the two wells to be
 drilled back to back this year.  The two well project budget inclusive all
 exploration costs is approximately $2.4 million US funds.
     Moffat Ranch Estimated Gas Reserves:  Existing geological reports indicate
 that the Moffat Ranch Gas Field has recoverable reserve estimates of 9.6 BCFNG
 to 64 BCFNG.
     Moffat Ranch Gas Field Historic Production:  The California Department of
 Oil and Gas has reported the Moffat Ranch Gas Field has produced recorded
 documented reserves of 12 BCFNG from 1964-1997.  The field first produced in
 1954.  The field has not been in operation for over 10 years due to financial
 problems with previous operators.  During the past four years, Northwest
 Petroleum, Inc. has worked to cure title, obtain quit claims, new leases, and
 seismic options for over 35 mineral rights owners that have an undivided
 interest in the Moffat Ranch Gas Field.
     Moffat Ranch Gas Field Structure:  There are multiple locations and
 eight gas pay zones.  They are the Kreyenhagen Shale at 3,700' to 4,000', the
 Domengine Sand at .4,000', the Garza at c. 4,500', the Starkey-Panoche at
 c. 6,000', the 2nd Starkey-Panoche at c. 6,500', the 3rd Starkey Panoche at
 c. 8,000', and the 4th Starkey E-zone at c. 10,000'+-.  These multiple
 locations are based on geology, 2-D seismic, and multiple control wells on
 adjacent properties.  3D seismic to be undertaken as part of the development
 process increases the probability of finding additional locations and helps
 confirm the zones already mapped using geology and 2D seismic.
     About the Company:  Hadro Resources, Inc. is a natural resource
 exploration company engaged in the acquisition of oil and natural gas
 properties for exploration and development in the United States.  Subject to
 financing, the Company plans to undertake exploration and drilling for oil and
 gas in the US.  The Company is currently assessing other potential oil and gas
 exploration acquisitions.
 
     Safe Harbor Statement
     Forward-looking statements in this release are made pursuant to the "safe
 harbor" provisions of the Private Securities Litigation Reform Act of 1995.
 Investors are cautioned that such forward-looking statements involve risks and
 uncertainties, including, without limitation, commodity prices of precious
 metals and actual results differing materially from projections because of
 geological factors, operation factors, government regulations or factors
 relied upon from independent sources, may either negatively or positively
 impact exploration or mining operations.  Forward-looking statements involve
 known and unknown risks and uncertainties that may cause the Company's actual
 results in the future periods to differ materially from forecasted results.
 The Company assumes no obligation to update the information in this release.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X64958085
 
 

SOURCE Hadro Resources, Inc.
    RENO, Nevada, April 26 /PRNewswire/ -- Agreement for New Oil and Gas
 Exploration:  Hadro Resources, Inc. ("the Company") (OTC Bulletin Board:   HDRS)
 is pleased to announce that it has entered into an agreement with Northwest
 Petroleum, Inc. of Bakersfield, CA to explore and drill for oil and gas on
 approximately 5,000 acres of leases located in Madera County, California.  The
 Company has the rights to obtain a 32.81% net revenue interest and 43.75%
 working interest before the Company's invested capital is repaid, and a
 28.125% net revenue interest and 37.5% working interest after the Company's
 invested capital is repaid.  The Company plans to invest a total of
 approximately $1.2 million in exploration funding to conduct 2D and 3D seismic
 surveys and to drill and complete two gas wells in return for its net revenue
 and working interests.  The Company is working in partnership with Canadian
 Metals Exploration Limited, the CDNX exchange listed company (symbol CEL) that
 has an interest equal to that of the Company, to jointly undertake a
 $2.4 million exploration and drilling initiative on the Moffat Ranch gas
 leases this summer and fall.
     Moffat Ranch Gas Leases -- Madiera County, CA:  The existing leases and
 lease options provide rights to approximately 5,000 acres of leases in Madiera
 County, California.  There is a gas gathering and sales pipeline located
 through the lease field.  The Moffat Ranch leases are located within one mile
 of the existing production of the Triangle T 1-28 well drilled by GeoPetro
 Resources Company in 1999, and operated by Samedan Oil Corporation, that
 tested 3.6 MMCFNG/day.  Samedan Oil, Northwest Petroleum, Vern Jones, and
 others have other producing wells in the immediate area.  The Company's
 operating partner is Northwest Petroleum who has demonstrated expertise and
 existing commercial production on the area of interest.
     Project Drilling and Development Program Outline:  The Company expects to
 raise capital internally to fund its interests in the Moffat Ranch Gas Field
 in conjunction with its investment and project development partner, Canadian
 Metals Exploration Limited to drill two gas wells on the Moffat Ranch leases.
 Leases obtained and further seismic lease options are based on 2D seismic and
 geological reporting conducted to date.  Project development will include
 $600,000 of 3D seismic work to refine drilling targets for the two wells to be
 drilled back to back this year.  The two well project budget inclusive all
 exploration costs is approximately $2.4 million US funds.
     Moffat Ranch Estimated Gas Reserves:  Existing geological reports indicate
 that the Moffat Ranch Gas Field has recoverable reserve estimates of 9.6 BCFNG
 to 64 BCFNG.
     Moffat Ranch Gas Field Historic Production:  The California Department of
 Oil and Gas has reported the Moffat Ranch Gas Field has produced recorded
 documented reserves of 12 BCFNG from 1964-1997.  The field first produced in
 1954.  The field has not been in operation for over 10 years due to financial
 problems with previous operators.  During the past four years, Northwest
 Petroleum, Inc. has worked to cure title, obtain quit claims, new leases, and
 seismic options for over 35 mineral rights owners that have an undivided
 interest in the Moffat Ranch Gas Field.
     Moffat Ranch Gas Field Structure:  There are multiple locations and
 eight gas pay zones.  They are the Kreyenhagen Shale at 3,700' to 4,000', the
 Domengine Sand at .4,000', the Garza at c. 4,500', the Starkey-Panoche at
 c. 6,000', the 2nd Starkey-Panoche at c. 6,500', the 3rd Starkey Panoche at
 c. 8,000', and the 4th Starkey E-zone at c. 10,000'+-.  These multiple
 locations are based on geology, 2-D seismic, and multiple control wells on
 adjacent properties.  3D seismic to be undertaken as part of the development
 process increases the probability of finding additional locations and helps
 confirm the zones already mapped using geology and 2D seismic.
     About the Company:  Hadro Resources, Inc. is a natural resource
 exploration company engaged in the acquisition of oil and natural gas
 properties for exploration and development in the United States.  Subject to
 financing, the Company plans to undertake exploration and drilling for oil and
 gas in the US.  The Company is currently assessing other potential oil and gas
 exploration acquisitions.
 
     Safe Harbor Statement
     Forward-looking statements in this release are made pursuant to the "safe
 harbor" provisions of the Private Securities Litigation Reform Act of 1995.
 Investors are cautioned that such forward-looking statements involve risks and
 uncertainties, including, without limitation, commodity prices of precious
 metals and actual results differing materially from projections because of
 geological factors, operation factors, government regulations or factors
 relied upon from independent sources, may either negatively or positively
 impact exploration or mining operations.  Forward-looking statements involve
 known and unknown risks and uncertainties that may cause the Company's actual
 results in the future periods to differ materially from forecasted results.
 The Company assumes no obligation to update the information in this release.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X64958085
 
 SOURCE  Hadro Resources, Inc.