American Community Development, Inc. Expects Seismic Reprocessing Results Shortly
20 December 2011 - 7:45AM
Marketwired
American Community Development, Inc. (PINKSHEETS:ACDP) expects
seismic reprocessing results shortly, for ACDP's Sofia Oil &
Gas Exploration Project in New Mexico.
A seismic program has been initiated comprised of reprocessing
the existing 35 miles of seismic with a view to focusing on the
4300' - 4500' zone; and as well design additional seismic lines
considered appropriate to pin pointing locations for our proposed 6
test well program.
Management Comment: "ACDP considers itself fortunate to have the
opportunity to participate in such a large scale oil and gas play
resident onshore in the USA. The combination of continued
restrictions on offshore drilling, turmoil in the middle east, and
surging oil prices, all of which affects demand - supply balance;
makes this an attractive and timely business opportunity to fast
track shareholder value."
About American Community Development, Inc.:
ACDP is an emerging domestic oil and gas company, and will be
focused on exploiting oil and gas reserves onshore within the USA.
ACDP is in the process of assembling a seasoned team of managers
and technical professionals in the areas of geology, geophysics,
engineering, and legal. ACDP is positioning itself for aggressive
asset growth and shareholder value enhancement.
This news release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Act of 1934, as amended;
such statements are subject to risks and uncertainties that could
cause actual results to vary materially from those projected in the
forward-looking statements. The Company may experience significant
fluctuations in operating results due to a number of economic,
competitive and other factors. These factors could cause operations
to vary significantly from those in prior periods, and those
projected in forward-looking statements. Information with respect
to these factors, which could materially affect the Company and its
operations, are included on certain forms the Company files with
the Securities and Exchange Commission.
Contacts: American Community Development, Inc. Bruce A. Thomson,
B.A.Sc. President & CEO
702-605-0145info@acdp-ir.comwww.acdp-ir.com
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