COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Emerson Oil and Gas, Inc. - Signs Farm out Agreement with Polar Resources
Emerson Oil and Gas, Inc., (OTC Pink: EOGI) a Nevada Corporation.
VANCOUVER, June 8, 2005 /PRNewswire-FirstCall via COMTEX/ -- Emerson Oil and Gas, Inc., (OTC Pink: EOGI) is pleased to Announce that it has signed a Farm out Agreement with Polar Resources Corp. (Polar). The Farm out Agreement calls for Polar to pay all costs associated with bringing the W.T. Davis and the Rinsland Estate No. 1 wells in Bossier Parish, Louisiana into Production. The Company believes that this Agreement is in the best interest of the Company as it is felt that pipeline connection charges might be substantial and with this Agreement Emerson will have a carried working interest of 12.5% before payout and a 18.75% working interest after payout in both the W.T. Davis as well the Rinsland Estate No. 1 well in Bossier Parish, Louisiana. This agreement also allows Emerson to diversify its Interests in Louisiana.
Polar plans to finish the recompletion of Rinsland Estate No. 1 well and to tie it into an existing pipeline. The plan for the W.T Davis well is to run a pipeline to the Rinsland Estate No. 1 well hookup and to test the W.T. Davis well for long term production. The company continues its endeavors in Alberta and will update shareholders when drilling begins on its Acadia project.
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.
Business Description: Emerson Oil and Gas is a company poised to capitalize on the current world market price of oil and gas. This booming market has created new opportunities to bring proven undeveloped reserves, onstream with very little downside risk to the company. Emerson's primary operating philosophy is to utilize the most current technology available to develop low risk, high yield, underdeveloped oil and gas
State of Incorporation: NV
Officers: David Emerson Harker, Pres.
Outstanding Shares: 30,000,000 as of 2004-10-01
Estimated Market Cap: Not Available
Current Capital Change:
Dividends:
Company Notes: Formerly=Passages Travel Services, Inc. until 6-04
Transfer Agent: Not Available
Posts: 582 | Registered: Jan 2005
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posted
Prevoius news. it could take a little Dip in here.
Nice chance to get in it. If it doesnot dip if off to the races. IMo
EOGI -- Emerson Oil & Gas, Inc. Com
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Alberta Energy & Utility Board Issues Well License for Acadia Project
VANCOUVER, May 18, 2005 /PRNewswire-FirstCall via COMTEX/ -- Emerson Oil and Gas, Inc., (OTC Pink: EOGI) today is pleased to announce that the Alberta Energy & Utility Board has issued License No. 0330206 for the company's well 11-16-24-2 the Acadia Project. The Acadia Project consists of 15 sections in Alberta in an area that produces natural gas from the Viking formation, has oil potential in the Bakken zone and gas potential in the Colony and Second White Specks zones. The Viking contains natural gas in wells around the Acadia project and has the potential for 13 Bcf gas in the reservoir under the leases.
Gas wells in the area have calculated AOF rates up to 14 Mmcf per day. The Project is located in eastern Alberta with year round access and an established production and equipment infrastructure. Well costs are expected to be $600,000 drilled, cased and completed and the advanced funds will go towards the drilling of the first well. Each well on a lease earns Emerson a 49% Working Interest in one section.
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 and Gas Inc.
CONTACT: 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.
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