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Emerson Oil and Gas, Inc. 11-16 Well Completion Report Thursday August 25, 4:00 pm ET
VANCOUVER, British Columbia, Aug. 25, 2005 (PRIMEZONE) -- Emerson Oil and Gas, Inc. (Other OTC:EOGI.PK - News), a Nevada Corporation, is pleased to announce that AOF testing at its Empress 11-16-24-2w4m gas well in eastern Alberta has been completed. The well flowed at over 500 MCFPD (thousand cubic feet per day) during the 24-hour flow period. The pressure data and flow characteristics of the well are now being analyzed by an engineering company and the final results are expected shortly. Design and costing of the pipeline to place this well on stream is under way. ADVERTISEMENT
The Empress well produced gas during completion from three zones. Two other zones that indicate gas potential on logs remain untested in the well because the current reservoir, the Detrital zone, indicated sufficient gas to warrant AOF testing to determine its capability. The Company is now evaluating the possibility of further drilling and/or testing to fully develop the land earned by this discovery well.
The Company has a 49% working interest in the Acadia Project located in South-Eastern Alberta and also maintains a carried working interest of 12.5% before payout and an 18.75% working interest after payout in both the W.T. Davis and the Rinsland Estate No. 1 well in Bossier Parish, Louisiana.
Emerson Oil and Gas is in position to take advantage of the current demand and booming world market price of oil and gas. Emerson's primary operating philosophy is to utilize the most current technology available to develop low risk, high yield, underdeveloped oil and gas reserves. This approach will enable Emerson to capitalize upon previously discovered and producing properties with known reserves that had not been completely exploited due to market conditions.
The company would also like to invite shareholders to view recent pictures of the work program that have been posted on our website.
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.
Contact: Emerson Oil and Gas Investor Relations David Harker, President 866-251-4174 www.emersonoilandgas.com
-------------------- All IMHO. Do not rely upon anything I post to base your financial decisions upon. Posts: 970 | From: Montana | Registered: Jul 2005
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