FDEI Fidelis Energy Inc (CE)

Fidelis Energy, Inc. (OTCBB:FDEI), today reports the December gas production at the North Franklin Project, Sacramento California. Production from the Company's two gas wells, the "Archer-Whitney #1" and "Archer-Wildlands #1" totaled 92.443 Mmcf. The average daily production rate for the month of December totaled 2.982 Mmcf per day. The "Archer-Whitney #1 well" produced a total of 55.378 Mmcf, up from last month's 51.094 Mmcf, and the "Archer-Wildlands #1 well" produced 37.065 Mmcf, also up from last month's 36.839 Mmcf. Fidelis' 35% working interest in the two wells totals 32.335 Mmcf to the Company. The PGE-Citygate gas price of Jan. 3, 2006, was quoted at $8.92 per mcf. Fidelis continues to prepare for the drilling of the "Archer-F 1" deep Forbes test and is currently in line for a drilling rig. The window of availability is between the end of January and February 15. Fidelis will update new information when forthcoming from the operator. Notice Regarding Forward-Looking Statements This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the acquisition of oil and gas reserves, expectations in relation to production or cash flow, the timing respecting drilling new wells, including, without limitation, the Archer F-1 deep test, and our ability to become cash flow positive in the short term to allow us to re-invest production dollars to enhance and grow company assets. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the numerous inherent uncertainties associated with oil and gas exploration. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-KSB for the 2004 fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time to time with the Securities and Exchange Commission For more information, please visit our website at www.FidelisEnergy.com. ON BEHALF OF THE BOARD Fidelis Energy Inc. William Marshall -- President