IDGC Announces Operational Update for Diamond Springs Drilling Prospect located in Fremont County Wyoming

LAS VEGAS--()--IDGLOBAL (Pink Sheets: IDGC) IDGLOBAL Corp is pleased to announce an operational update to shareholders pertaining to IDGC’s working interest in the 3,330 Gross Acres Diamond Springs Drilling Prospect

G2 Petroleum has communicated with IDCG Executive Management team that it intends on Drilling two initial test wells with an anticipated spud date of August 1, 2009. The two locations will correlate with the Geosensing data that was commissioned via Force Energy (FORC.OB) per the press release dated November 24th, 2008. Per the report that was concluded by Hawkeye Geosensing Ltd., there is an approximate 75% success rate that the presence of hydrocarbons exists on the Diamond Springs acreage.

IDGC Management states “With the costs associated with drilling new wells declining daily, we expect our initial contribution to the drilling and completion of these initial test wells to be considerably less than expected from the time we initially purchased our working interest in the Diamond Springs Prospect. Fortunately, the working interest owners in the Diamond Springs Prospect are poised to capitalize on the lower costs associated with drilling new wells while potentially being able to participate in the swing in crude pricing as demonstrated by the current contango environment.”

Further updates will be provided once the drilling permits have been filed with the BLM as well as any unexpected delays to the anticipated spudding of the initial two test wells.

About the Diamond Springs Prospect: Fremont County Wyoming

G2 Petroleum LLC of Midland, Texas, alongside with Force Energy (FORC.OB), hold approximately 3,300 acres of prospective oil and natural gas property in Freemont County, Wyoming. Geological reports provide potentially estimated recoverable reserves of approximately 4.3 Million barrels of oil for the Diamond Springs Prospect. The Northwest, North, and West Diamond Springs are shallow drilling prospects of 200’ to 1,100’ in depth, with a possible 72 drilling sites between the three locations based on 40 acre spacing.

About IDGLOBAL Corp. (www.idglobalcorp.com)

IDGLOBAL provides a range of leading technologies specifically designed to provide private enterprise and governments 100% solutions to their Counterfeiting and Loss Prevention / Anti-Theft security programs. All rights reserved.

Furthermore, IGDC currently holds a 10% Working Interest alongside Force Energy Corp (FORC.OB) and Midland based, G2 Petroleum in the Diamond Springs Prospect located in Fremont County, Wyoming. Additionally, IDGC currently is under a LOI with a Midland based E&P entity to acquire a 56.25% Working Interest in their Lea County, NM San Simon gas re-entry prospect. Approximated Initial Production rates are estimated at 1000MCF with an overall estimated ultimate recovery of approximately 1BCF over the life of the well.

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of IDGLOBAL Corp. to be materially different from the statements made herein.

Contacts

IDGLOBAL Corp.
Marc Hamilton, 250-862-8933

Better Be Business Wired.

Business Wire is the leading source for press releases, photos, multimedia and regulatory filings from companies and groups throughout the world.