Energy Finders (PK) (USOTC:EGYF)
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From Dec 2019 to Dec 2024
Energy Finders, Inc., (OTC:EGYF)
is pleased to report that the new joint venture partners, Trinity Sands
Energy LLC, et al, have completed the geological overview of existing
data on the MEGA WEST PROJECT. This study makes way for the drilling and
coring of two to four core locations during the “Coring
Phase.” The Group anticipates the commencement
of the “Coring Phase”
during January 2007.
The J.V. Group brings significant capital and exceptional technical
expertise to the MEGA WEST PROJECT. The J.V. Group is accelerating all
phases of their earn-in agreement in order to attain production.
The original joint venture was formed by International TME Resources,
Inc. (ITME), of which Energy Finders, Inc. is a principal partner. A
total of 17,200 acres of land, more or less, has been acquired in the
prospect MEGA WEST PROJECT AREA, and additional leases are currently
being acquired.
The prospect is projected to contain more than 48 Million Barrels of
recoverable Oil per each 640-acre section. A 60% recovery factor is
projected for the Trinity Sands, and the projected recoverable
reserves for the current acreage block is 1.29 Billion Barrels of Oil.
Energy Finders, Inc. holds a 70% interest in the Joint Venture project
while ITME earns a carried 30% net profit interest in the project and
manages lease acquisition.
The statements in the press release that relate to the company's
expectations with regard to the future impact the company's results from
acquisitions or actions in development are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of
1995. The statements in this document may also contain ”forward-looking
statements'' within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. Since the
information may contain statements that involve risk and uncertainties
and are subject to change at any time, the company's actual results may
differ materially from expected results.
For the Board
J. Randolph Hastings, Jr., President
Energy Finders, Inc. Symbol: EGYF
5001 LBJ Freeway, Suite 700 Visit our website at
Dallas, Texas 75244 http://www.EnergyFindersInc.com
972-387-7355
Energy Finders, Inc., (OTC:EGYF) is pleased to report that the new
joint venture partners, Trinity Sands Energy LLC, et al, have
completed the geological overview of existing data on the MEGA WEST
PROJECT. This study makes way for the drilling and coring of two to
four core locations during the "Coring Phase." The Group anticipates
the commencement of the "Coring Phase" during January 2007.
The J.V. Group brings significant capital and exceptional
technical expertise to the MEGA WEST PROJECT. The J.V. Group is
accelerating all phases of their earn-in agreement in order to attain
production.
The original joint venture was formed by International TME
Resources, Inc. (ITME), of which Energy Finders, Inc. is a principal
partner. A total of 17,200 acres of land, more or less, has been
acquired in the prospect MEGA WEST PROJECT AREA, and additional leases
are currently being acquired.
The prospect is projected to contain more than 48 Million Barrels
of recoverable Oil per each 640-acre section. A 60% recovery factor is
projected for the Trinity Sands, and the projected recoverable
reserves for the current acreage block is 1.29 Billion Barrels of Oil.
Energy Finders, Inc. holds a 70% interest in the Joint Venture
project while ITME earns a carried 30% net profit interest in the
project and manages lease acquisition.
The statements in the press release that relate to the company's
expectations with regard to the future impact the company's results
from acquisitions or actions in development are forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. The statements in this document may also contain
"forward-looking statements'' within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act
of 1934. Since the information may contain statements that involve
risk and uncertainties and are subject to change at any time, the
company's actual results may differ materially from expected results.
For the Board
-0-
*T
J. Randolph Hastings, Jr., President
Energy Finders, Inc. Symbol: EGYF
5001 LBJ Freeway, Suite 700 Visit our website at
Dallas, Texas 75244 http://www.EnergyFindersInc.com
972-387-7355
*T