Zeppelin (NASDAQ:ZEPE)
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Zeppelin Energy Signs Letter of Intent to Farm Into Shallow Gas Properties
CALGARY, March 4 /PRNewswire-FirstCall/ -- Zeppelin Energy (OTCBB:ZEPE)
announces today that it has entered into a Letter of Intent to farm into shallow
oil and gas interestsin an area of west central Alberta covering approximately
2320 acres. This acreage has been penetrated by multiple wells which contain log
indications that unrecovered gas reserves may exist. Zeppelin proposes to
complete due diligence evaluations as well as further geological and engineering
studies on the subject interests before completing this transaction.
The acreage which is subject to the Letter of Intent contains potential gas
bearing zones in the Belly River and Paskapoo formations. These formations have
proven to be productive within two miles of the acreage potentially to be
acquired by Zeppelin and occur at depths of less than 4400 ft. Previous and
current oil and gas operations in the region have established a comprehensive
grid of pipelines and hydrocarbon handling facilities within a mile of the
project area.
The potential acquisition relating to the Letter of Intent is part of the
ongoing strategy of Zeppelin to establish a firm cash flow base to support the
proposed growth of the company in Western Canada and Latin America.
Investors are cautioned that until the due diligence and technical studies are
completed and final Zeppelin Board of Directors approval has been received this
transaction is not certain to close. Hydrocarbons associated with this project
cannot be considered proven until confirmed by drilling. Funding for this
project is not firmly established at the date of this press release.
About Zeppelin Energy.
Zeppelin Energy is a publicly traded company on theOTC BB ("ZEPE"). Zeppelin
Energy is an independent energy company dedicated to the acquisition of proven
Oil and Gas properties with specific emphasis in the Western Canadian Basin,
Central and South America. Those wishing to learn more about Zeppelin Energy are
encouraged to visit http://www.zeppelinenergy.com/ or to contact the
undersigned.
Certain statements in this news release may contain forward-looking information
within the meaning of Rule 175 under the Securities Exchange Act of 1933 and
Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements included in this release other
than statements of fact are forward-looking statements that involve risks and
uncertainties.
DATASOURCE: Zeppelin Energy Inc.
CONTACT: Menno Wiebe, 403-444-6901,