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BNP Petroleum Corporation Announces Restarting of Hooks Lease
IRVING, Texas, May 25 /PRNewswire-FirstCall/ -- BNP Petroleum Corporation (OTC
Pink Sheets: BPET) (BPET), an independent oil and gas company, announced today
restarting of "Hooks" lease located on Wichita county Texas, after
accomplishing few modifications and upgrades on some wells, on the last few
months. The shallow wells previously had been producing oil and water at low
rates due to low bottom pressure, which is normal for the area. Steadily
increasing rates of production for Hooks lease are expected.
BNP Director, Rafael Pinedo said today, "BNP Petroleum will begin immediately
to restart other leases in our portfolio of properties and complete all
necessary work to assure that BNP's properties are in full compliance with the
regulations of the Texas Railroad Commission and re- establish oil production
on BNP's leases over the coming months."
About BNP Petroleum Corporation: Headquartered in Irving, Texas, BNP Petroleum
Corporation is a publicly traded independent oil and gas company. The company
is acquiring oil and gas leases, producing properties, mineral rights, and
surface interests in Texas. Once acquired, the company intends to develop each
property to maximize the income from each property by re- establishing
production, refurbishing and improving the existing production and operations.
Forward-Looking Statements: The statements which are not historical facts
contained in this release are forward-looking statements that involve risks and
uncertainties, including but not limited to, the effect of economic conditions,
the impact of competition, the results of financing efforts, changes in
consumers' preferences and trends. The words "estimate," "possible," and
"seeking" and similar expressions identify forward-looking statements, which
speak only to the date the statement was made. The Company undertakes no
obligation to publicly update or revise any forward-looking statements, because
of new information, future events, or otherwise. Future events and actual
results may differ materially from those set forth herein, contemplated by, or
underlying the forward-looking statements.
The information herein is subject to change without notice. BNP Petroleum
Corporation shall not be liable for technical or editorial errors or omissions
contained herein.
URL: http://www.prnewswire.com/
http://www.bpetroleum.com/
DATASOURCE: BNP Petroleum Corporation
CONTACT: Investor Relations of BNP Petroleum Corporation,
+1-214-687-0000 ext. 222
Web site: http://www.bpetroleum.com/