FDEI Fidelis Energy Inc (CE)

Fidelis Energy Inc. (OTCBB: FDEI) today reports on the gas production totals for the month of September at North Franklin. The total gas production from the two wells, the "Archer-Whitney #1" and "Archer-Wildlands #1" for the month totaled 76.75 Mmcf. Fidelis has calculated September's net revenue to the company at more than $190,000 due to the increase in natural gas prices. The average daily production rate for the month totaled 2.56 Mmcf per day. This was down from the first 11 days of the month that averaged 2.957 Mmcf per day directly due to a period of 6 days where both wells experienced some icing up of the chokes. This reduced gas flow by roughly 50% for this brief period. The operator has addressed and resolved this choke icing problem and the wells are now back, as of Sept. 30, producing a combined 3 Mmcf per day. The "Archer-Whitney #1 well" produced 44.473 Mmcf and the "Archer-Wildlands #1 well" produced 32.273 Mmcf. PGE-Citygate gas prices remain strong, holding at more than $11.00 per Mcf. Prices on Oct. 3 were quoted at $11.60. 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 $14.70 per Mcf. About Fidelis Energy Inc. Based in Tucson, Ariz., 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 underutilized 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 Web site at www.FidelisEnergy.com, or contact: Investor Relations 888-894-3334 (Contact: William Marshall)