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<span style="color: rgb(238, 238, 238);">acropolis</span><br
style="color: rgb(255, 255, 225);">
<span style="color: rgb(153, 0, 0);"><span
style="color: rgb(204, 0, 0); font-weight: bold;">SPRING, TX--(MARKET
WIRE)</span><span style="font-weight: bold;">-- Coil Tubing Technology,
Inc. (CTBG) </span>announces the delivery of the first group of 8
Rotating Tools to oil and gas well service companies operating in
Mexico and Oklahoma. Designed for use in "fishing" applications
utilizing 2" coiled tubing strings, these tools were delivered and "in
the field" the week of May 1, 2006.</span><span
style="color: rgb(238, 238, 238);">violators</span><br
style="color: rgb(153, 0, 0);">
<span style="color: rgb(238, 238, 238);">bulldozers</span><br
style="color: rgb(153, 0, 0);">
<span style="color: rgb(153, 0, 0);">In addition, CTBG has received
orders for ten (10) more of these 2 7/8" Rotating Tool units, plus five
(5) 2 1/8" Rotating Tools, all of which are scheduled for delivery to
customers before the end of the month of May.</span><span
style="color: rgb(238, 238, 238);"> lacrimator</span><br
style="color: rgb(153, 0, 0);">
<span style="color: rgb(238, 238, 238);">dispossessory</span><br
style="color: rgb(255, 255, 233);">
<span style="color: rgb(153, 0, 0);">CTBG offers the only fully
rotating tool for well fishing applications," stated Jerry Swinford,
President of Coil Tubing Technology, Inc. "Other tools in the
marketplace only 'index' or 'turn' in 90 degree increments without
fully rotating, which is an inefficient means of latching a fish. We
are delighted by the overwhelming response from customers regarding the
capabilities of these tools."</span><span
style="color: rgb(238, 238, 238);"> carlins</span><br
style="color: rgb(153, 0, 0);">
<span style="color: rgb(238, 238, 238);">bottlenose</span><br
style="color: rgb(255, 255, 233);">
<span style="color: rgb(153, 0, 0);">The Rotating Tool is a device that
attaches to the end of a coiled tube to assist with "latching a fish,"
or removing production kits or undesired obstructions from the well by
introducing rotation under mechanical pressure. The design and action
of the tool is similar to a "Yankee screwdriver." If, for example,
during normal operations, a piece of coiled tube is broken off and
remains lodged in the wellbore, it can be difficult to get the new
coiled tubing line past the obstruction. By introducing rotation to the
"overshot," or latching mechanism at the end of the tool, obstructions
can be cleared without the need to manually work the tool through the
well head.</span><span style="color: rgb(238, 238, 238);"> metapophyses<br>
</span><span style="color: rgb(238, 238, 238);">variolovaccine<br>
</span><span style="color: rgb(153, 0, 0);">Coil Tubing Technology was
established in 1998 by an innovative founder that has over thirty years
experience in the design of oil-field tools in general and fifteen
years of experience in the design of proprietary tools for the coiled
tubing industry in particular. With more than fifteen patents either
granted or pending, CTBG is the leader in providing new technology to
the coiled tubing industry. CTBG has become a one stop rental tool
company supplying a full line of standard as well as propietary coiled
tubing downhole tools. </span>
<span style="color: rgb(238, 238, 238);">hoagie<br>
</span><span style="color: rgb(238, 238, 238);">nephropexy<br>
</span><span style="color: rgb(153, 0, 0);">COILED TUBING DRILLING
TOOLS </span>
<span style="color: rgb(238, 238, 238);">senatorian<br>
</span><span style="color: rgb(238, 238, 238);">hexametral<br>
</span><span style="color: rgb(153, 0, 0);">The Jet Motor maximizes
torque and RPM combinations. This motor has the capability to establish
bit hydraulics. The long life bearing package allows the tool to stay
in the hole longer than average. It can be jarred without damaging the
tool which is ideal for drilling through shale. The Jet Motor has been
used successfully with MWD and steering tools in drilling applications.
The nitrogen power source permits underbalanced drilling. </span>
<span style="color: rgb(238, 238, 238);">ducky</span><br>
<span style="color: rgb(238, 238, 238);">rhinologic<br>
</span><span style="color: rgb(153, 0, 0);"></span><span
style="color: rgb(153, 0, 0);">The Pulsator allows the weight on the
bit to be maximized without stalling the motor as the torsional and
axial torque are retained within the tool. The maximum tensible
strength allows high energy jarring impact while the tool prevents
spike loading from migrating up into the generic tool strings. </span><span
style="color: rgb(238, 238, 238);">harmoniously</span><span
style="color: rgb(153, 0, 0);"><br>
</span><span style="color: rgb(238, 238, 238);">bib<br>
</span><span style="color: rgb(153, 0, 0);">The HeavyHitter, when used
on the upstroke only, provides variable tensible overpull due to its
hydraulic metered detent system. The minimum axial drag at detent
release provides high velocity of the hammer mass to the
anvil. </span>
<span style="color: rgb(238, 238, 238);">lodestone</span><span
style="color: rgb(153, 0, 0);"></span><span
style="color: rgb(238, 238, 238);"><br>
blousing<br>
<span style="color: rgb(153, 0, 0);"><a
href="http://finance.yahoo.com/q?s=CTBG.PK">For more information on
CTBG, please
visit Yahoo Finance - CTBG</a> </span></span><span
style="color: rgb(238, 238, 238);">risottos</span><span
style="color: rgb(238, 238, 238);"><a
href="http://finance.yahoo.com/q?s=CTBG.PK"><span
style="color: rgb(153, 0, 0);"></span></a><br>
</span><span style="color: rgb(238, 238, 238);">mort</span><br>
<span style="color: rgb(238, 238, 238);"></span>
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