TRSI Trophy Resources Inc (PK)

Trophy Resources, Inc. (Pink Sheets:TRSI) is pleased to announce that The Texas Railroad Commission has overseen the successful H-5 testing on the injection wells for Phase 1 of our Southwest Texas prospect (R&W #1) thus moving the project one step closer operational status. With the work progressing at a rapid pace the prospect of bringing this reworked production well on line may now be just days away. �We are extremely pleased that the TRRC has approved our repairs so we may complete the work on this site and finish this project in Phase 1. We wish to congratulate our operational team in the field for a job well done,� said Eric Leonetti, Trophy COO, adding �Though we cannot predict whether we have a commercially viable well, the team can now concentrate solely on the completion of the work necessary to bring the production well on line leading us that much closer to that determination.� This Southwest Texas prospect encompasses multiple leases covering an area over 600 acres. Development in the prospect is expected to continue for the next 18 to 24 months. The Company anticipates having more than twenty-five wells on-line in this period using a combination of methods including re-entry work, new drilling and a water flood program. 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) is pleased to announce that The Texas Railroad Commission has overseen the successful H-5 testing on the injection wells for Phase 1 of our Southwest Texas prospect (R&W #1) thus moving the project one step closer operational status. With the work progressing at a rapid pace the prospect of bringing this reworked production well on line may now be just days away. "We are extremely pleased that the TRRC has approved our repairs so we may complete the work on this site and finish this project in Phase 1. We wish to congratulate our operational team in the field for a job well done," said Eric Leonetti, Trophy COO, adding "Though we cannot predict whether we have a commercially viable well, the team can now concentrate solely on the completion of the work necessary to bring the production well on line leading us that much closer to that determination." This Southwest Texas prospect encompasses multiple leases covering an area over 600 acres. Development in the prospect is expected to continue for the next 18 to 24 months. The Company anticipates having more than twenty-five wells on-line in this period using a combination of methods including re-entry work, new drilling and a water flood program. 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.