Azabache Completes Drilling Of CVOx-2 Well

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES.


Azabache Energy Inc. ("Azabache" or the "Company") (TSX VENTURE:AZA) announces
that is has completed the drilling and casing of its CVOx-2 Vaca Muerta well on
the Covunco Norte-Sur Block. 


The data acquired in the 360-meter Vaca Muerta Formation include 4 cores (each 9
meters long), 50 rotated sidewall cores and a complete set of standard and
special logs.


All of the data has been sent for analysis to laboratories in the US and
Argentina. The results will be used to fully delineate the Vaca Muerta shale oil
potential and to design the completion and stimulation program. The Company does
not expect to announce any results from the shale until after these analyses and
the fracture stimulations are completed over the next 5 months.


Claudio Larotonda, CEO and President of Azabache Energy stated: "We are proud to
announce the completion of the first Vaca Muerta well in this area. The well was
drilled as planned with significant data having been acquired. We are now
starting our detailed analysis of our shale prospect in the Covunco Norte-Sur
Block. At the same time, the Company continues to actively explore farm out and
development opportunities for its shale prospects".


This press release contains forward-looking statements. More particularly, this
press release contains statements concerning the Company's future operations and
the analysis of its drilling results. The forward-looking statements contained
in this document are based on certain key expectations and assumptions made by
Azabache, including with respect to the anticipated timing for completion of the
results analysis and fracture simulations and the results of its exploration and
development activities. Although Azabache believes that the expectations and
assumptions on which the forward-looking statements are based are reasonable,
undue reliance should not be placed on the forward-looking statements because
Azabache can give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by their very
nature they involve inherent risks and uncertainties. Actual results could
differ materially from those currently anticipated due to a number of factors
and risks. These include, but are not limited to, the failure to obtain
necessary regulatory approvals, risks associated with the oil and gas industry
in general (e.g., operational risks in development, exploration and production;
delays or changes in plans with respect to exploration or development projects
or capital expenditures; the uncertainty of reserve estimates; the uncertainty
of estimates and projections relating to production, costs and expenses, and
health, safety and environmental risks), commodity price and exchange rate
fluctuations. The forward-looking statements contained in this document are made
as of the date hereof and Azabache undertakes no obligation to update publicly
or revise any forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by applicable
securities laws.

Azabache Energy Inc. (TSXV:AZA)
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