Dow Jones 10322.59 +109.62 10:17 am PST, March 29, 2004  NASDAQ 1989.73 +29.71 For info, visit access.smallcapnetwork.com S & P 500 1121.12 +13.06 To be removed, please click here Russell 2000 582.21 +9.29 VOLUME 04: ISSUE 22  Feature: Assure - Outstanding drilling results. More to come. Assure Energy, Inc (OTCBB: ASURF) announced Monday (release shown below); drill results from the multi-well Fall-Winter drilling program of its controlled subsidiary (48.5 percent ownership) Quarry Oil and Gas. Of the six targets within the Canada's Western Sedimentary Basin--the program yielded excellent results. There will be more results to come.  As we have mentioned frequently, investors who wait and base purchase decisions on drilling results will likely see Assure shares move higher in the interim. Given the quality of today's announcement and more results to come, we continue to recommend that investors accumulate Assure shares. The shares have moved up to $4.42 from our initial alert late last year at $3.80--a 16 percent return. With an ever-increasing retail and industry focus on energy concerns, we feel that the sector (and Assure) has enormous upside from these levels both in the medium and long term. Salient points: Quarry's 6 well drilling program yielded an 83 percent success rate--5 producers (Ribstone) with 1 gas well (Rigel) abandoned. Total of six wells--the five new and one other from a previous program-- in the Ribstone area of Alberta completed as producers. Production at a combined rate of 88.7 bbls/day. Quarry is evaluating water injection plans to increase that production Reserves in the 6 wells are approximately 163,000 barrels recoverable (Quarry holds a 100 percent working interest) A completed gas well in the Rigel area of BC (from a prior program) is producing 530 mcf/day (198 mcf/day net) of associated natural gas liquids. Quarry's exit production as at December 31,2003 was 979 boe/d (barrels of oil or equivalents per day) Assure is currently evaluating 2 gas wells in the Currant area of BC. More drill results will be forthcoming. We told you... The Quarry results represent solid evidence of the Assure commitment to grow the company through acquisition and the drill bit. Assure put together the Quarry deal at an advantageous time and price that probably couldn't be re-created today. As well, the land portfolio and exploration potential of that acquisition has been further borne out by today's results. The company's management team has shown it has the focus and ability to explore and find significant production that will undoubtedly move the company, quickly, to the next level. When we brought the SmallCap readership Assure in late 2003, the Amex Natural Gas Index (AMEX: ^XNG) had recently bottomed at around 180. Now, the index is banging up against 220; roughly a 22 percent move. The five-year high was 250 and, given the progress of energy prices, there is a very good chance that level could be tested and surpassed on this run. Obviously, for companies with the proper land portfolio, cash, as well as a an  experienced management team, share prices will likely move higher as well.  Sound like Assure? You'd be correct. Trust us, it's only going to get better for investors   Pundits and analysts continue to forecast ongoing natural gas shortages--with the attendant price rises-- in the decade to come and beyond. With the environmental problems apparent with a return to coal and the public reluctance to embrace nuclear power, the available energy options always return to natural gas, both the commodity and as feed stock for electricity generation. Assure is in the right places at the right time with the right commodity. Those who accept that fact now will profit significantly as the sector and, more specifically, Assure, work to fill the voracious and growing North American demand for natural gas. An extremely hot summer is predicted.   PRESS RELEASE CALGARY, Alberta--(BUSINESS WIRE)--March 29, 2004--Assure Energy, Inc. (OTCBB: ASURF - News; Frankfurt WKN 357954 Symbol ASL) and Quarry Oil & Gas Ltd. (TSX-V: QUC - News; Quarry) are pleased to announce that Quarry, Assure's 48.5 % controlled subsidiary has completed its Fall-Winter 2003 Multi Well Drilling Program in Canada's Western Sedimentary Basin. Quarry focused its exploration and development efforts on two principal areas of interest, the Rigel area of British Columbia and the Ribstone area of Alberta. The program comprised drilling 6 new locations, 5 new oil wells in Ribstone and 1 new gas well in Rigel and completing 2 wells drilled in the prior season, 1 oil well in Ribstone and 1 gas well in Rigel. To preserve certain lands of Quarry and enhance its reserve base, Quarry farmed out 2 gas test wells in the Currant area of British Columbia to its controlling shareholder Assure, for a prospect fee of $450,000, a commitment to drill the wells, and a convertible gross overriding royalty. As a result of the 6 new wells drilled by Quarry, 5 new oil wells drilled in Ribstone are completed as producers and the 1 new gas well drilled in Rigel was abandoned. Both of the completion wells have been successfully brought onto production. Assure has drilled the 2 gas wells in the Current area to target depth and both wells are presently being evaluated. In the Ribstone area Quarry drilled 5 directional oil wells off an existing well lease. Quarry completed the newly drilled 5 wells and also completed a well that was drilled and cased during the prior season. Presently all 6 wells are pumping oil at a combined production averaging 14.1 m3/day (88.7 bbls/day) from the Sparky, GP, and Lloyd formations. Quarry management is undergoing evaluations to either re-complete one well as a water injection well or drill a water injection well to increase flow rates and optimize production. Reserves from the 6 well pad are estimated by Quarry's independent engineers at 163,000 barrels recoverable of which Quarry holds a 100% working interest. The completed gas well in the Rigel area is presently producing from the Dunlevy at an average 530mcf/day or (198 mcf/day net) and 7 bbls/day (2.5 bbls/day net) of associated natural gas liquids which has leveled off from its initial production rate of 2.5 mmcf/day in a normal decline curve associated with this structure. Quarry has a 37.5% working interest before payout, (12.5% interest after payout) in this well. Quarry exited the year ending December 31, 2003 with 979 boe/d of production, of which approximately 33% is produced from 7 gas wells and 67% is produced from approximately 48 oil wells. ABOUT ASSURE ENERGY, INC. Assure Energy, Inc. is an Alberta, Canada corporation that is principally engaged in the exploration, development and acquisition of petroleum and natural gas located in Western Canada. Assure operates through its wholly owned subsidiary Assure Oil and Gas Limited and its wholly owned subsidiary Westerra 2000 Inc. Assure owns approximately 48.5% of the issued and outstanding shares of Quarry Oil & Gas Limited, an Alberta corporation, through Assure Holdings, Inc. Assure trades on the OTCBB under the symbol ASURF and also trades on the Frankfurt Stock Exchange (WKN 357954) under the Symbol ASL. ABOUT QUARRY OIL & GAS LTD: Quarry Oil & Gas Ltd., an Alberta, Canada corporation, is a junior oil and gas company engaged in the exploration and development of petroleum and natural gas properties located in Western Canada. Quarry's common shares trade on the TSX Venture Exchange under the symbol QUC. FORWARD-LOOKING STATEMENT This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of, the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. Contact: Assure Energy Inc. Harvey Lalach or Cassia Blakley, 800-350-0232 www.assure-energy.com   We Value Your Feedback Got comments, questions or suggestions? 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