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VANCOUVER, Nov. 22 /PRNewswire-FirstCall/ - Emerson Oil and Gas, Inc., announces that upon completion of the fracture done at 10,240 and 10,246 feet the tubing pressure was 3450 psi, we expect that pressure as a direct result of the nitrogen frac. The pressure has equalized at 2200 psi. The operator has recommended hook up to a pipeline for production. Dave Harker President and CEO stated "We are extremely pleased and very excited with the results as we complete on the W.T Davis property. The company is thrilled with this development and looks forward to taking Emerson Oil and Gas Inc., into a revenue generating company, with several more prospects on the horizon." Emerson's North-West Louisiana drilling efforts follow closely to its philosophy of high-potential low risk re-entry projects in developed fields. By maintaining this conservative, but revenue driven philosophy and mission statement, Emerson enables itself to build a strong revenue base for the company and its shareholders, while taking the lowest possible risk in achieving this goal. Emerson Oil & Gas holds a 50% working interest in the W.T. Davis well and lands within Township 23 North and Range 13 West of Bossier Parish, Louisiana. The net revenue interest of the lease is 75%. The W.T. Davis Well is located in the Arkana Field and initially produced from the Haynesville Formation of the Cotton Valley Series. With the worldwide focus on energy needs being front and center in the public eye, Emerson feels that with its first class management and discretionary project choices, the company will continue to serve its shareholders well.
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Emerson Oil and Gas Inc. has little or no control.
Emerson Oil and Gas, Inc. - Emerson's Revenues expected to Fund New Drilling, Combined With Plans to Develop Multi-Well Joint Venture As Company Seeks to strengthen its Revenue Base.
VANCOUVER, Feb. 28 /PRNewswire-FirstCall/ - Emerson Oil and Gas, Inc., (OTC Pink: EOGI) announced its commitment to re-invest revenues into drilling additional re-entry prospects along with plans to create its own multi-well joint venture. Emerson intends to focus its drilling efforts in Texas along with its existing Canadian prospects in Alberta, with one goal in mind and that is increasing its revenue base. Several major joint venture opportunities have focused Emerson's near-term drilling aspirations, including significant opportunities near Lavaca County and Corsicana, Texas, and additional prospects near Bossier and Shreveport. While additional prospects have been offered in Colorado, New Mexico and Oklahoma, Emerson's executives and geologists have concurred what geographical focus and development of area specific expertise best serves the company's interest, and therefore decided to expand significantly into Texas, along with continuing to pursue Emerson's existing prospects. David Harker, Emerson President stated, "To grow rapidly, Emerson will use its own resources along with the time tested joint venture business model to expand the company, its revenues and its profits, while incurring as little debt as possible. We consider this to be a strong business model for the Company and its shareholders". Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Emerson Oil and Gas Inc. has little or no control. For more information, please visit our website www.emersonoilandgas.com
Or contact: Investor Relations 1-866-251-4174 or 604-692-2822
David Harker, President, Emerson Oil and Gas Inc. SOURCE Emerson Oil & Gas Inc.
Contact Information: Investor Relations, 1-866-251-4174, or (604) 692-2822; David Harker, President, Emerson Oil and Gas Inc.
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