Texen Oil and Gas Identifies 7 Workover Candidates for Reservoir Analysis
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Business Editors HOUSTON--(BUSINESS WIRE)--TXEO-- Texen Oil and Gas, Inc. (OTCBB:TXEO) is pleased to announce that Coastline Operations has identified 7 workover candidates on the company's properties to begin reservoir analysis. Coastline's team of engineers has begun the engineering phase and reservoir analysis on 4 workover candidates in the Helen Gohlke field and 3 workover candidates on the Brookshire property located in the Brookshire Salt Dome. "We are very happy with the progress of our operations since Coastline has joined our team. Coastline brings highly seasoned engineers and geologists and has one of the best reservoir engineers in the state currently evaluating our properties. Both the Helen Gohlke and the Brookshire property offer excellent potential for rework and this phase of engineering will help us pinpoint the best calculated potential for our next several well locations," states Michael Sims, Vice President of Texen Oil and Gas. In addition, we have successfully received state approval for the Charles Kuester salt water disposal well. About Texen Oil and Gas, Inc. Texen Oil and Gas, Inc. is a Houston based oil and gas exploration and development (E&D) company. The company leases approximately 6,000 acres of crude oil and natural gas producing properties in Victoria, DeWitt and Waller Counties, Texas. For additional information, please visit www.texenoilandgas.com. Forward-Looking Statements: This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements. KEYWORD: TEXAS INDUSTRY KEYWORD: ENERGY OIL/GAS SOURCE: Texen Oil and Gas, Inc. CONTACT INFORMATION: Mercom Capital Group, llc Wendy Prabhu (602) 748-1458 Website: www.texenoilandgas.com
Texen Oil and Gas, Inc. is pleased to announce that Coastline Operations has identified 7 workover candidates on the company’s properties to begin reservoir analysis.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly cused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DATED: April 29, 2004
TEXEN OIL AND GAS, INC. BY: /s/ Mike Sims Mike Sims, Vice President
Contact Information: FOR IMMEDIATE RELEASE Mercom Capital Group, llc Wendy Prabhu tel: 1.602.748.1458
Texen Oil and Gas Identifies 7 Workover Candidates for Reservoir Analysis
Houston, TEXAS April 29, 2004 – Texen Oil and Gas, Inc. (OTC BB: TXEO) is pleased to announce that Coastline Operations has identified 7 workover candidates on the company’s properties to begin reservoir analysis. Coastline’s team of engineers has begun the engineering phase and reservoir analysis on 4 workover candidates in the Helen Gohlke field and 3 workover candidates on the Brookshire property located in the Brookshire Salt Dome.
“We are very happy with the progress of our operations since Coastline has joined our team. Coastline brings highly seasoned engineers and geologists and has one of the best reservoir engineers in the state currently evaluating our properties. Both the Helen Gohlke and the Brookshire property offer excellent potential for rework and this phase of engineering will help us pinpoint the best calculated potential for our next several well locations, “ states Michael Sims, Vice President of Texen Oil and Gas.
In addition, we have successfully received state approval for the Charles Kuester salt water disposal well.
About Texen Oil and Gas, Inc. Texen Oil and Gas, Inc. is a Houston based oil and gas exploration and development (E&D) company. The company leases approximately 6,000 acres of crude oil and natural gas producing properties in Victoria, DeWitt and Waller Counties, Texas. For additional information, please visit www.texenoilandgas.com.
Forward-Looking Statements: This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's SEC filings. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.
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------------------ Due Da Due......But Be Quick About It!!!!!
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Press Release Source: Texen Oil and Gas, Inc.
Texen Oil and Gas Listed in Standard and Poor's Corporation Records Tuesday April 13, 1:57 pm ET
HOUSTON--(BUSINESS WIRE)--April 13, 2004--Texen Oil and Gas, Inc. (OTCBB:TXEO - News) is pleased to announce that the Editorial Board of Standard and Poor's ("S&P") has approved Texen Oil and Gas for a complete corporate listing and description in Standard and Poor's Corporation Records. Additionally, Texen Oil and Gas will have its corporate description published in Standard and Poor's Daily News Section. S&P will also initiate financial coverage of Texen Oil and Gas as part of the S&P Market Access Program, including coverage of Texen Oil and Gas on S&P's Internet website, www.advisorinsight.com as well as S&P Marketscope and the electronic version of S&P Stock Guide database. Additionally, the S&P coverage will appear on the highly trafficked OTC Bulletin Board web site www.otcbb.com. About Texen Oil and Gas, Inc.
Texen Oil and Gas, Inc. is a Houston based oil and gas exploration and development (E&D) company. The company has approximately 6,000 acres of crude oil and natural gas producing properties in Victoria, DeWitt and Waller Counties, Texas. For additional information, please visit www.texenoilandgas.com.
Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and agreements, technological obsolescence of the Company's products, technical problems with the Company's research, products and properties, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission.
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Texen Oil and Gas Hires Full Service Operating Company Thursday March 4, 12:03 pm ET
HOUSTON--(BUSINESS WIRE)--March 4, 2004--Texen Oil and Gas, Inc. (OTCBB:TXEO - News) is pleased to announce that it has hired Houston based Coastline Operating, llc to manage all field operations for its oil and gas properties. "Coastline's drilling expertise combined with the potential of our properties should be a 'win-win' situation for all our shareholders. This step is management's commitment towards increased efficiencies of our oil and gas production. With an experienced full-service operator such as Coastline, we can now tap the maximum potential of our properties while reducing costs and improving production efficiency," states Tatiana Golovina, President and CEO.
Coastline is an oil and gas operating company specializing in the geographical regions of the Helen Gohlke property and Brookshire Salt Dome. Coastline Operating brings a combined total of over 140 years experience in the oil and gas industry with extensive expertise in pre-planning, engineering, on-site supervision, drilling, completion, facilities, reservoir production, recovery and maintenance.
Unique to the industry, Coastline Operating is a full-service oil and gas operating firm, which manages every aspect of field operations. Coastline has numerous alliances with various service companies at additional discounted prices to provide the decreased cost structure without suffering from lessened service conditions. Specific area of savings will be through insurance savings and the outsourcing of specialists, both of which Coastline offers through their services. Because of increased revenue distribution to these service companies, on a first call basis, Coastline Operating is able to pass these savings directly to Texen Oil and Gas. This will result in reduced costs for Texen Oil and Gas. In the past this type of arrangement has only been available in multiple well programs from single source, major service companies.
About Texen Oil and Gas, Inc.
Texen Oil and Gas, Inc. is a Houston based oil and gas exploration and development (E&D) company. The company owns approximately 6,000 acres of crude oil and natural gas producing properties in Victoria, DeWitt and Waller Counties, Texas. Texen Oil and Gas is focused on acquiring, developing and producing proven, developed and underdeveloped reserves which offer long-term value for the company. For additional information, please visit www.texenoilandgas.com.
Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and agreements, technological obsolescence of the Company's products, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. In addition, other factors that could cause actual results to differ materially are discussed in the Company's most recent Form 10-QSB and Form 10-KSB filings with the Securities and Exchange Commission.
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i am in When Allen Greenspan says the Oil & Gas sector will remain strong for the forseeable future you better believe people are paying attn.!! Posts: 187 | Registered: Feb 2004
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