EGPI/Firecreek Partner The Sahara Group Completes Oil and Gas Agreement with Ukraine Government
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--July 22, 2005--Chairman Rusbek Bisultanov, of The Sahara Group, announced today that a protocol has been signed with the Ukraine government to assist in the development of an energy independence program. Sahara will be part of a committee that will study and recommend changes and improvements in Ukraine's oil and gas industry as well as work in-country rehabilitating and developing fields through its partner EGPI/Firecreek Inc. (OTCBB: EFCR).
Bisultanov signed the protocol June 24, 2005, and returned to the Ukraine last week to finalize details of the agreement. Also signing was Plachkov Ivan Vasilievitch for the Ukraine Ministry of Fuel and Energy, and Matolitch Roman Mikhailovitch of Neftegaz Ukrainy.
"Our partner in The Sahara Group, Firecreek Petroleum, will operate and rehabilitate at least two oil and gas fields in the Ukraine. And, when requested, provide support and expertise in planning, development and exploration to the government," Bisultanov explained. "We anticipate moving very rapidly on several projects and joining the Ukraine Energy Independence Committee."
The president of Firecreek Petroleum, John R. "Rick" Taylor, said, "The Ukraine effort to become energy independent is something we in America can understand. Firecreek looks forward to working with the Energy Independence Committee and the government. Chairman Bisultanov's leadership in Ukraine as well as Kazakhstan, Russia and Turkey is extraordinary. All of us with EGPI/Firecreek salute him for his efforts and success."
A meeting between Firecreek Petroleum's technical team and Ukraine officials will be scheduled shortly to begin identifying specific fields, the work programs and timetables. The first meeting of the Energy Independence Committee will be announced in the future.
For more information about EGPI/Firecreek Inc. go to:
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of EGPI/Firecreek Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond EGPI/Firecreek Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in EGPI/Firecreek's filings with the Securities and Exchange Commission.
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ChrisLee
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already has now its dropping.. cut the bs
bigthc1
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it would still be runninf if they dropped the PR on Moday. Take it easy bucko.
KonaRide
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...but they didn't and now it's down 23%.....people like you make me sick.
ChrisLee
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u should have read my post i said it wasnt going to.
bigthc1
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come on guys, I saw he PR and the share price went up and the L2s looked good before i posted. I did not get in because i didn't have avail funds. I hope nobody lost any money on this because of me. Remember, do your own DD. If you lost money it's your own fault but use this thread to take it out on me. No hair off my back!
gsd
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nice post bigthc1, why didnt you post it last week lol, oh well profit takers really hurt this one friday but it should bounce back this week, new to good! i hope so in @ .033
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