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) continues solid progress on
their strategic plan in Texas while beginning a campaign to seek new
opportunities and prospects in the Southwestern U.S.
“Our initial well appears to be cleaning up as
production has increase by close to 50% (to approximately 20 Bbl/day) in
the last 45 days,” said Eric Leonetti, Trophy
COO, adding, “the storage farm on this site
has several 400 barrel capacity tanks; there is currently just over 300
barrels in storage that will be picked in the next couple of days.”
Based on availability Trophy field operations hopes to have a pulling
unit back on the site of their newly drilled well this week. Having
conferred with the geologic and engineering experts as to the (multiple)
perforation points they hope put this well on line by the end of the
month.
As to other projects, based on what they have learned from the recent
drilling program Trophy is currently exploring new potential
opportunities in both oil and gas in proximity to their existing leases
while continuing forward with the rework and reentry program. “We
are reviewing logs from available leases in the area to locate other
prospects that resemble our findings with the hope of being able to
increase our holdings in this area while also entertaining and
researching new but economically viable projects in similarly attractive
areas,” said Mr. Leonetti.
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.
Trophy Resources, Inc. (Pink Sheets:TRSI) continues solid progress
on their strategic plan in Texas while beginning a campaign to seek
new opportunities and prospects in the Southwestern U.S.
"Our initial well appears to be cleaning up as production has
increase by close to 50% (to approximately 20 Bbl/day) in the last 45
days," said Eric Leonetti, Trophy COO, adding, "the storage farm on
this site has several 400 barrel capacity tanks; there is currently
just over 300 barrels in storage that will be picked in the next
couple of days."
Based on availability Trophy field operations hopes to have a
pulling unit back on the site of their newly drilled well this week.
Having conferred with the geologic and engineering experts as to the
(multiple) perforation points they hope put this well on line by the
end of the month.
As to other projects, based on what they have learned from the
recent drilling program Trophy is currently exploring new potential
opportunities in both oil and gas in proximity to their existing
leases while continuing forward with the rework and reentry program.
"We are reviewing logs from available leases in the area to locate
other prospects that resemble our findings with the hope of being able
to increase our holdings in this area while also entertaining and
researching new but economically viable projects in similarly
attractive areas," said Mr. Leonetti.
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.