Friendly Energy Corp.: Drilling Rig Moves to North Asher No. 1 Prospect Jul 18, 2006 2:09:00 PM 2006 PrimeZone Media Network CARSON CITY, Nev., July 18, 2006 (PRIMEZONE) -- Friendly Energy Corp. (Pink Sheets:FDEG) announces today that its joint venture partner, D-Mil Productions has confirmed that the Drill Rig from Jerry Scott Drilling is in the process of moving onto the North Asher No. 1 Prospect and will be assembled over the next 24-36 hours.
It is anticipated that the Rig will be ready to "Stub-In" the Asher No. 1 as soon as it is assembled. "The company is very pleased to announce that the drilling of this well will commence within the next few days," states company President Douglas Tallant. "With Oil prices exceeding $75.00 per Bbl, we are excited by the potential of this prospect as a company and expect this Oil well to be very successful.
"Friendly Energy is committed to the exploration and development of its prospects to take advantage of the current market pricing in the price of oil and gas by developing undeveloped reserves with little downside risk."
The Asher No. 1 Prospect is located on the western edge of the giant St. Louis oil field in Pottawatomie County, Central Oklahoma.
The St. Louis field has produced over 300 million barrels of oil and 26 billion cubic feet of gas from reservoirs of the Earlsboro sand (Pennsylvanian), Hunton and Viola. Estimated reserves for the Asher prospect are indicated to be 350,000 barrels of oil.
Friendly Energy is a development stage company in the Oil and Gas Exploration Industry.
This news release contains information that is "forward-looking" in that it describes events and conditions, which Friendly Energy Inc. ("FDEG") reasonably expects to occur in the future. Expectations for the future performance of the business of FDEG are dependent upon a number of factors, and there can be no assurance that FDEG will achieve the results as contemplated herein and there can be no assurance that FDEG will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FDEG disclaims any obligation to update any forward-looking statement made herein.
CONTACT: Friendly Energy Corp. Douglas Tallant, President (702) 953-0411 www.fdeg.bizPosts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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Friendly Energy Drilling Update: North Asher No. 1 Prospect PrimeZone Media Network - July 25, 2006 9:00 AM (EDT)
By Staff
CARSON CITY, Nev., Jul 25, 2006 (PRIMEZONE via COMTEX) -- Friendly Energy Corp. (Pink Sheets:FDEG) reports today that the drilling has attained a total depth of 2600 feet to date. The total depth to reach the target formation is approximately 4600 feet. The company's joint venture partner, D-Mil Productions reports that the well logging process is anticipated to commence as early as Friday, July 28th and as late as Monday, July 31.
The company also reports that it has contracted with Jerry Scott Drilling to provide the Drill Rigs to drill an additional four wells every two weeks commencing October 1st 2006. The subsequent drill dates are expected to be: October 15th 2006, November 1st 2006 and November 15th 2006. "The company is very pleased to announce that the drilling of this well has progressed to the current depth without delay," stated company President Douglas Tallant. "We anticipate reaching the target formations within the next 7 days."
Friendly Energy is committed to the exploration and development of its prospects to take advantage of the current market pricing in the price of oil and gas by developing undeveloped reserves with little downside risk.
The Asher No. 1 Prospect is located on the western edge of the giant St. Louis oil field in Pottawatomie County, Central Oklahoma. The St. Louis field has produced over 300 million barrels of oil and 26 billion cubic feet of gas from reservoirs of the Earlsboro sand (Pennsylvanian), Hunton and Viola.
Estimated reserves for the Asher prospect are indicated to be 350,000 barrels of oil.
Friendly Energy is a development stage company in the Oil and Gas Exploration Industry.
This news release contains information that is "forward-looking" in that it describes events and conditions, which Friendly Energy Inc. ("FDEG") reasonably expects to occur in the future. Expectations for the future performance of the business of FDEG are dependent upon a number of factors, and there can be no assurance that FDEG will achieve the results as contemplated herein and there can be no assurance that FDEG will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FDEG disclaims any obligation to update any forward-looking statement made herein.
Friendly Energy Corp. Douglas Tallant, President (702) 953-0411
(C) 2006 PRIMEZONE, All rights reserved.
-------------------- The difference between genius and stupidity is that genius has its limits
Posts: 105 | From: Czech Republic | Registered: Apr 2006
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FDEG 0.1150 reports today that the drilling has attained a total depth of approximately 3300 feet as of July 26th
>CARSON CITY, Nev., July 27, 2006 (PRIMEZONE) -- Friendly Energy Corp. (Pink Sheets:FDEG) reports today that the drilling has attained a total depth of approximately 3300 feet as of July 26th. The progress has been slowed due to mechanical difficulties with the State-required environmentally protective "Closed Tank System" and a mud-pump failure which cost a total of twenty-one hours of drilling time over the last forty-eight hours. The company's joint venture partner, D-Mil Productions reports that the drilling has proceeded, without delay since repair, with three crews working eight hours per shift, twenty-four hours per day. It is anticipated that the well logging will begin late Sunday or early Monday as previously reported, delayed marginally by the drill rig down time.
"The delay in progress due to mechanical issues is not uncommon in any drilling venture," states company President Douglas Tallant. "The Company's joint venture partner D-Mil Productions has been pro-active in the timely resolution of the mechanical difficulties in order to maintain the projected completion schedule. We anticipate reaching the target formations within the next 7 days as indicated."
Friendly Energy is committed to the exploration and development of its prospects to take advantage of the current market pricing in the price of oil and gas by developing undeveloped reserves with little downside risk.
The Asher #1 Prospect is located on the western edge of the giant St. Louis oil field in Pottawatomie County, Central Oklahoma. The St. Louis field has produced over 300 million barrels of oil and 26 billion cubic feet of gas from reservoirs of the Earlsboro sand (Pennsylvanian), Hunton and Viola. Estimated reserves for the Asher prospect are indicated to be 350,000 barrels of oil.
Friendly Energy is a development stage company in the Oil and Gas Exploration Industry.
Contact: Douglas Tallant-President, Friendly Energy (702) 953-0411
This news release contains information that is "forward-looking" in that it describes events and conditions, which Friendly Energy Inc. ("FDEG") reasonably expects to occur in the future. Expectations for the future performance of the business of FDEG are dependent upon a number of factors, and there can be no assurance that FDEG will achieve the results as contemplated herein, and there can be no assurance that FDEG will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms "may," "expects to," and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FDEG disclaims any obligation to update any forward-looking statement made herein.
CONTACT: Friendly Energy Douglas Tallant, President (702) 953-0411 www.fdeg.biz
-------------------- The difference between genius and stupidity is that genius has its limits
Posts: 105 | From: Czech Republic | Registered: Apr 2006
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Next weak will be great. They should reach total depth (4600 feet) till monday and than it will be rocket.....
Posts: 105 | From: Czech Republic | Registered: Apr 2006
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posted
Friendly Energy Drilling Update August 1, 2006: North Asher No. 1 Prospect Tuesday August 1, 9:00 am ET
CARSON CITY, Nev., Aug. 1, 2006 (PRIMEZONE) -- Friendly Energy Corp. (Other OTC:FDEG.PK - News) and its joint venture partner, D-Mil Productions, report that the North Asher #1 drilling has produced significant indications of a commercially viable ``show'' of oil from a secondary formation, the ``Earlsboro'' geological structure, which is found at approximately 3,500 feet in depth. The Hunton-Viola structures have ``shows'' with potential, with indications of both oil and natural gas.
Drilling will continue to the base of the target structure, the ``Wilcox'' zone, to the total depth of approximately 4,700. The ``Wilcox'' formation is the primary drilling objective for this well, which seismic analysis indicates has the potential of over one million barrels (1,000,000) of in-ground reserves.
``The company is very pleased with the drilling results to date,'' states company President Douglas Tallant. ``The Company's shareholders should be pleased with the end results of this drilling activity, which is the first of several prospects the Company plans to drill over the next 12-24 months.''
It is anticipated that Halliburton will begin the process of electronic logging of the well early Tuesday. Upon completion of this process the company will determine which zone will be most economically productive under current conditions.
The Asher #1 Prospect is located on the western edge of the giant St. Louis oil field in Pottawatomie County, Central Oklahoma.
The St. Louis field has produced over 300 million barrels of oil and 26 billion cubic feet of gas from reservoirs of the Earlsboro sand (Pennsylvanian), Hunton and Viola. Estimated reserves for the Asher prospect are indicated to be 350,000 barrels of oil.
Friendly Energy is a development stage company in the oil and gas exploration industry.
This news release contains information that is ``forward-looking'' in that it describes events and conditions, which Friendly Energy Inc. (``FDEG'') reasonably expects to occur in the future. Expectations for the future performance of the business of FDEG are dependent upon a number of factors, and there can be no assurance that FDEG will achieve the results as contemplated herein and there can be no assurance that FDEG will be able to conduct its operations or production from its properties will result from or continue as contemplated herein. Certain statements contained in this report using the terms ``may,'' ``expects to,'' and other terms denoting future possibilities, are forward-looking statements. The accuracy of these statements cannot be guaranteed as they are subject to a variety of risks, which are beyond the Company's ability to predict, or control and which may cause actual results to differ materially from the projections or estimates contained herein. FDEG disclaims any obligation to update any forward-looking statement made herein.
Contact: Friendly Energy Corp. Douglas Tallant, President (702) 953-0411 http://www.fdeg.biz
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