ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

ZEPE Zeppelin Energy (MM)

0.00
0.00 (0.00%)
Pre Market
Last Updated: -
Delayed by 15 minutes
Share Name Share Symbol Market Type
Zeppelin Energy (MM) NASDAQ:ZEPE NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Zeppelin Energy Signs Letter of Intent to Farm Into Shallow Gas Properties

04/03/2004 2:30pm

PR Newswire (US)


Zeppelin (NASDAQ:ZEPE)
Historical Stock Chart


From Jul 2019 to Jul 2024

Click Here for more Zeppelin Charts.
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,

Copyright

1 Year Zeppelin Chart

1 Year Zeppelin Chart

1 Month Zeppelin Chart

1 Month Zeppelin Chart

Your Recent History

Delayed Upgrade Clock