Trophy Resources (PK) (USOTC:TRSI)
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From Feb 2020 to Feb 2025
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Trophy Resources, Inc. (Pink Sheets:TRSI) is planning to
increase its involvement in oil field redevelopment projects in the
Southwestern region of the U.S. The Company is currently evaluating
multiple prospects that show significant potential in oil reserves in
the Southwest as well as Appalachia.
Eric Leonetti, Trophy Oil COO: "With the price of crude oil
maintaining its value in the mid to low $70s, we believe this is the
right time to explore more oil field redevelopment projects." Trophy
Oil is focused on the most cost-effective means of oil exploration,
including the use of water and inert gas flood methods to reinvigorate
once productive fields. Added Mr. Leonetti: "the rework and flood
programs using existing wells provides more profit potential to
investors than new drilling; it is less capital intensive, there is a
higher probability of success as a result of historical records of oil
production, and, the return on investment is achieved earlier."
Trophy Resources assesses all projects on the basis of defined
investment criteria including the preservation of capital and
mitigation of risk.
About Trophy Resources
Trophy Resources, Inc. (www.trophyoil.com) is a publicly traded
company dedicated to building a diverse portfolio of high value, low
risk energy and mining projects. The Company's goal is to evaluate
profitable options, build a solid foundation of assets through
acquisition of land and/or leases, and explore and develop
opportunities on these leases.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E the Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward-looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should," "expected,"
"anticipates," "draft," "eventually" or "projected." You are cautioned
that such statements are subject to a multitude of risks and
uncertainties that could cause future circumstances, events, or
results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks. Trophy
Resources, Inc. is an exploration with limited experience in the oil
and gas industry. At the time of this release Trophy Resources lacks
the financial capabilities to meet its financial obligations and its
management expects to dilute the company's shares to raise the
necessary operating capital. Based upon industry standards Trophy
would be considered highly speculative and lacks any competitive
advantage over its competition. Additional risks you should consider,
this list is limited and additional risk not mentioned may apply:
failure to meet Trophy's financial and contractual obligations,
Trophy's managerial errors made based upon the Company's limited
experience and knowledge of the industry, commodity risk, acts of God
and regulatory risk. You should consider these factors in evaluating
the forward-looking statements included herein, and not place undue
reliance on such statements.