DALLAS, April 8 /PRNewswire-FirstCall/ -- Southwest
Resources, Inc. (Pink Sheets: SWRS) (the "Company"), a natural
resources exploration, production, and mining company, today
provides a corporate profile for investors (Note: please also see
the Company's Initial Information and Disclosure Statement on the
Pink Sheets website).
Southwest Resources is an exploration, acquisition, and
production company that will focus on petroleum, precious metals,
and helium reserves.
Natural Gas and Oil
Southwest Resources plans to pursue additional opportunities for
exploration and production of petroleum reserves, primarily natural
gas, throughout the southwestern United
States, initially in parts of Oklahoma and petroleum-producing areas of
Texas.
The Company will utilize the latest in production stimulation
technology to enhance the production of new and existing wells, and
will focus on locating, acquiring, and producing undervalued
petroleum properties such as abandoned properties and stranded
producing assets. The Company currently owns oil and gas
lease positions in northeastern Oklahoma where it will begin to apply this new
production technology over the next several weeks.
Additionally, Southwest Resources believes that due to rising
imported foreign oil prices and increased public awareness of
environmental issues, new demand for compressed natural gas (CNG)
as a transportation fuel will increase over the near term.
The Company's management foresees that this, combined with
recent CNG transport and infrastructure improvements, will create a
niche market for production from what were previously marginal
wells. Southwest Resources is in the process of evaluating
the prospects of CNG delivery with alternative fuel retailer,
Evolution Fuels (Pink Sheets: EVFN).
Precious Metals
Southwest Resources will pursue the acquisition of surface
mining claims throughout Arizona
and southeastern Utah through the
Company's wholly owned subsidiary, Duke Mining, LLC.
As a result of increased metals prices and the recent
development of technologies for enhanced metals recovery, certain
mineral deposits are now economically viable to be reclaimed.
The Company intends to apply cutting edge technology to
recover the precious metals from the soil.
Duke Mining owns 1,280 acres of mining claims in southeastern
Utah, which the Company believes
hold significant reserves of minute particles of precious metals,
including gold and platinum (per initial minerals assays), and is
in the process of evaluating additional metals deposits.
Duke Mining is led by its president, Mr. Ben Campbell. Mr. Campbell has over thirty
years of experience in discovering and producing natural resources.
His career has included geologic evaluation, drilling for oil
& gas, production and delivery of mineral products, product
marketing, engineering evaluations and equipment manufacturing.
He has served in many management positions within the
petroleum industry, including CEO and Chairman of two public oil
and gas companies. Mr. Campbell holds a degree from
Texas A&M University.
About Southwest Resources, Inc.
Southwest Resources, Inc. is an energy and mining company
engaged in the acquisition, development, exploration and production
of natural gas, crude oil, placer deposits of precious metals such
as gold and platinum, and other income-producing natural resources.
The Company is currently pursuing oil and gas properties in
Texas, Oklahoma, New
Mexico and Arizona and has
mining rights in Utah. For
more information, please visit: www.southwest-resources.com.
Forward-Looking Statements Disclosure
This press release may contain "forward-looking statements"
within the meaning of the federal securities laws. In this
context, forward-looking statements may address the Company's
expected future business and financial performance, and often
contain words such as "anticipates," "believes," "estimates,"
"expects," "intends," "plans," "seeks," "will," and other terms
with similar meaning. These forward-looking statements by
their nature address matters that are, to different degrees,
uncertain. Although the Company believes that the assumptions upon
which its forward-looking statements are based are reasonable, it
can provide no assurances that these assumptions will prove to be
correct. In connection with the "safe harbor" provisions of
the federal securities laws, including the Private Securities
Litigation Reform Act of 1995, important factors that, among
others, could cause or result in actual results and experience to
differ materially from the Company's anticipated results,
projections, or other expectations are disclosed in the Company's
filings with the Securities and Exchange Commission. All
forward-looking statements in this press release are expressly
qualified by such cautionary statements, risks, and uncertainties,
and by reference to the underlying assumptions.
Investor
Contact:
|
|
CSIR Group,
LLC
|
|
Christine
Petraglia
|
|
212-386-7082
|
|
info@csirgroup.com
|
|
|
SOURCE Southwest Resources, Inc.