TRSI Trophy Resources Inc (PK)

Trophy Resources, Inc. (Pink Sheets: TRSI) is pleased to announce that the first reworked well in Phase 1 of their Southwest Texas prospect (R&W #1) has begun producing oil. The production from the R & W #1 well is anticipated to exceed 30 barrels per day of oil and or it equivalents. Phase One of trophy�s four phase program is projected to produce up to 130 bbls a day. "The success from the first well reinforces management�s belief that we have selected the proper project for Trophy," states company COO Eric Leonetti. "We believe this well to be the first of many successful wells to be developed by the company over our four phase program on this lease.� Trophy�s initial cash investment of $100,000 is estimated to return gross revenues for the first year of approximately $295,000 from R&W #1 using $58 oil. R&W1 is projected to have a five to seven year life expectancy on the well with a fairly straight line production depletion over the life of the well. Trophy has committed to invest an additional $405,000 and bring on another 2 wells prior to year end. This project as part of the first Phase of R&W #1 is located in Runnel County Texas and produces intermediate Texas sweet crude. Runnel County, Texas is geologically situated within a trend of Pennsylvania Age productive reservoirs comprised of limes and sands between the Bend Arch Axis and the Fort Chadbourne fault system. 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. The tank batteries for oil storage are in place, the repaired water disposal well online, the submersible pump and new production tubing in place, an upgraded electrical power supply line installed and control panel repairs completed. Mr. Leonetti added, �Our thanks and appreciation go out to the operational team in the field for making this happen so quickly�. 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 first reworked well in Phase 1 of their Southwest Texas prospect (R&W #1) has begun producing oil. The production from the R & W #1 well is anticipated to exceed 30 barrels per day of oil and or it equivalents. Phase One of trophy's four phase program is projected to produce up to 130 bbls a day. "The success from the first well reinforces management's belief that we have selected the proper project for Trophy," states company COO Eric Leonetti. "We believe this well to be the first of many successful wells to be developed by the company over our four phase program on this lease." Trophy's initial cash investment of $100,000 is estimated to return gross revenues for the first year of approximately $295,000 from R&W #1 using $58 oil. R&W1 is projected to have a five to seven year life expectancy on the well with a fairly straight line production depletion over the life of the well. Trophy has committed to invest an additional $405,000 and bring on another 2 wells prior to year end. This project as part of the first Phase of R&W #1 is located in Runnel County Texas and produces intermediate Texas sweet crude. Runnel County, Texas is geologically situated within a trend of Pennsylvania Age productive reservoirs comprised of limes and sands between the Bend Arch Axis and the Fort Chadbourne fault system. 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. The tank batteries for oil storage are in place, the repaired water disposal well online, the submersible pump and new production tubing in place, an upgraded electrical power supply line installed and control panel repairs completed. Mr. Leonetti added, "Our thanks and appreciation go out to the operational team in the field for making this happen so quickly". 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.