Mondial Ventures Majority Owned Subsidiary Boomerang Oil, Inc. Approved for Trading on the Frankfort Stock Exchange
10 June 2014 - 9:47PM
Marketwired
Mondial Ventures Majority Owned Subsidiary Boomerang Oil, Inc.
Approved for Trading on the Frankfort Stock Exchange
SCOTTSDALE, AZ--(Marketwired - Jun 10, 2014) - Mondial Ventures
(OTCQB: MNVN) is pleased to announce its majority owned subsidiary
Boomerang Oil, Inc. (the "Company" or "Boomerang") (CSE: BOI) (FSE:
0B9) has listed its common shares on the Frankfurt Stock Exchange
(FWB) under the ticker symbol "0B9". The Company's common shares
were listed by German market maker Wertpapierhandelsbank who will
maintain the order book.
Dennis Alexander, President and CEO, stated, "This dual listing
in Germany will enable the Company to attract new shareholders and
raise its visibility among international investors. Boomerang will
now begin the process for a German translated section on its
corporate website at www.boomerangoil.com and we will also begin
issuing news releases translated in German. We look forward to
having a new forum to tell our story to an international
audience."
The Company confirms that this dual listing furthers its plans
to undertake both a well stimulation program to maximize production
presently from its economic well and preparation to drill its first
deep well located in the Crawar Field in Ward County. These
programs are now being updated and expected to commence this
summer. Other current exploration and development plans include a
small focused frac to be performed on the Glorieta formation in
order to increase flow from the hard rock formation to increase
reservoir fluid for production. For future development, Boomerang
is first targeting the Ellenburger formation on the Company's J.B.
Tubb Leasehold Estate at approximately 8,300' foot depth, with
capital expenditures ("CAPEX") requirements now set at
approximately USD$1.6 million.
Additionally, the Company plans to drill up to three more wells
on the South 40 location pursuant to the option contained in the
Participation Agreement with Success Oil Co. ("Success Oil"). The
Company's first objective in respect of the South 40 is to drill
the Ellenburger well. According to the Company's consultant
geologists, the Ellenburger formation sets along a fault plane
increasing viability noted below 6,200' and viable at approximately
8,300' -8,400' feet. The second and third target well locations are
located in the Waddel formation to 7,700-7,900' foot depth, and the
Wolfcamp formation at approximately 6,200' foot depth,
respectively.
About Mondial Ventures and Boomerang Oil. Inc. We are an oil and
gas producer engaged in the acquisition of oil and gas properties
and assets principally within the United States of America. The
Company is currently operating within Texas and has a compliant NI
51-101 Reserve Estimate. The Company's business model is to acquire
existing oil fields with proven reserves and to rehabilitate
oilfields with potentially high throughput.
About Wertpapierhandelsbank CeFDex offers a pure B-2-B-partners
solution a cost access to the CFD market. From trading to IT
solution, from consulting to service center everything is
customized. CeFDex, headquartered in Germany, has been approved as
a securities trading bank in accordance with ยง 32 of the German
Banking Act. In their role as market leader using
state-of-the-art technology, they are committed to achieving the
highest possible standards in pricing, trading and processing of
financial instruments - worldwide.
About Frankfurt Stock Exchange The Frankfurt Stock Exchange
(FWB) is the world's 10th largest stock exchange by market
capitalization. Located in Frankfurt, Germany, the Frankfurt Stock
Exchange is owned and operated by Deutsche Borse (FWB: DB1), which
also owns the European futures exchange Eurex and the clearing
company Clearstream. For more information please go to
www.boerse-frankfurt.de.
Safe Harbor This release contains statements that constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements
appear in a number of places in this release and include all
statements that are not statements of historical fact regarding the
intent, belief or current expectations of Mondial Ventures Inc.,
its directors or its officers with respect to, among other things:
(i) financing plans; (ii) trends affecting its financial condition
or results of operations; (iii) growth strategy and operating
strategy. The words "may," "would," "will," "expect," "estimate,"
"can," "believe," "potential" and similar expressions and
variations thereof are intended to identify forward-looking
statements. Investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond Mondial Ventures
Inc.'s ability to control, and that actual results may differ
materially from those projected in the forward-looking statements
as a result of various factors. More information about the
potential factors that could affect the business and financial
results is and will be included in Mondial Ventures Inc.'s filings
with the Securities and Exchange Commission.
CAUTIONARY NOTE TO UNITED STATES INVESTORS The United States
Securities and Exchange Commission permits oil and gas companies,
in their filings with the SEC, to disclose only proved reserves
that a company has demonstrated by actual production or conclusive
formation tests to be economically and legally producible under
existing economic and operating conditions. We use certain terms,
such as prospective resource or Original Oil in Place (OOIP) or
Petroleum Initially In Place (PIIP), that the SEC's guidelines
strictly prohibit us from including in filings with the SEC. U.S.
Investors are urged to consider closely the disclosure in our Form
10K.
Additional information may be found at the following web site:
http://www.sec.gov/divisions/corpfin/guidance/cfoilgasinterps.htm
Public Relations and Shareholder Information Joseph Vazquez
Phone: (754) 204-4549 Email:
infinityglobalconsulting@gmail.com
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