FDEI Fidelis Energy Inc (CE)

Fidelis Energy, Inc. (OTCBB:FDEI), today reports on the first weeks of September gas production from the North Franklin gas reservoir. Gas production from the two wells, the "Archer-Whitney #1" and "Archer-Wildlands #1" for the first 11 days totaled 32.53 Mmcf at an average daily rate of 2.957 Mmcf per day. Production flow rate increases have been implemented and both wells continue to perform to the Company's expectations. Fidelis and the operator continue to monitor progress of the new well and overall reservoir. For the first time since commercial production began in March of 2004, PGE-Citygate gas prices have gone over $11.00 per Mcf. Prices on September 21st were quoted at $11.35. Gas prices have nearly doubled since the onset of "Archer-Whitney #1" production. In addition, January 2006 gas futures on the NYMEX have been priced at $13.81 per Mcf. Fidelis and the operator are working towards ever increasing the production rates of the wells to take advantage of these soaring gas prices. About Fidelis Energy, Inc. Based in Tucson, AZ, Fidelis Energy is an oil and gas company dedicated to solving North America's complex energy problems. Fidelis Energy identifies, acquires and develops working interest percentages in smaller, underdeveloped oil and gas projects in California, Canada, and other promising locales that do not meet the requirements of larger producers and developers. Through the use of modern development techniques such as horizontal drilling and 3-D seismic, the company enhances production from underdeveloped and under-utilized projects, as it pursues oil and gas production throughout North America. Safe harbor for Forward-Looking Statements: Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Fidelis Energy, Inc. has little or no control. For more information, please visit our website at www.FidelisEnergy.com. On Behalf of the Board Fidelis Energy Inc. William Marshall - President