Topaz Resources Finishes Drilling Barnett Well
28 August 2010 - 6:01AM
Marketwired
Topaz Resources, Inc. (OTCBB: TOPZ) today reported it has reached
the targeted depth of its Barnett Shale well located in the "oil"
leg of the Barnett shale formation in North Texas.
"We are pleased to report that we have finished drilling this
first of three Barnett Wells to a Total Depth of 7740 feet into the
Barnett shale formation as part of the Drilling Program we
announced earlier this summer," stated Bob Lindsay, COO of Topaz
Resources. "During drilling, we encountered good oil and gas shows
in the Barnett and shallower formations. We now are running and
analyzing electric logs to assess the productive capabilities of
these formations, the results of which we will announce
shortly."
About Topaz Resources
Topaz Resources is an independent oil and gas company focusing
on production, acquisitions and developmental drilling
opportunities within proven producing areas of north, central and
west Texas. The Company's website can be found at
www.topazresourcesinc.com.
Notice Regarding Forward-Looking
Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, the
development, costs and results of our exploration program at our
properties and any anticipated future production. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with petroleum exploration and
development stage exploration companies. These forward-looking
statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe
that the beliefs, plans, expectations and intentions contained in
this press release are reasonable, there can be no assurance that
such beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-K for the most recent
fiscal year, our quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contact: Natalie Bannister Investor Relations 573.631.2193 Email
Contact
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