Samurai Energy Corp. Increases Annual Revenue By $250K
19 1월 2006 - 4:58AM
PR Newswire (US)
HOUSTON, Jan. 18 /PRNewswire-FirstCall/ -- Samurai Energy Corp.,
(OTC Pink Sheets: SMRE), an oil and gas exploration and production
company announces that re-entry operations were commenced on the
Wilson Lease in the Riverside Field in Nueces Co., Texas. The
re-completion, finished in December, has been a success and has
significantly increased the production from the well. A successful
re-entry was made on the Wilson Lease in the Riverside Field in
Nueces Co., Texas. The well was re-completed in a Frio Sand at
5,286 feet. This sand was identified as productive from open hole
logs but was overlooked by the original operator. Since completion
the sand is producing at a rate of 12 barrels of oil a day and 200
MCF of gas per day with a flowing tubing pressure of 1060 psi. With
current pricing the company expects the added revenue to be in
excess of $250 thousand per year. Mr. Sam Skipper, President/C.E.O.
of the company commented, "I am excited with the result of the
re-completion operations. The added production will double our
company's revenues." Samurai Energy, Corp. currently owns working
interest in the 250 acre Wilson Lease in Nueces County. Located in
the Riverside, East Riverside, and Agua Dulce Fields are the Wilson
State Tract 5-2, EC Wilson 6, EC Wilson 10, and EC Wilson 11. About
Samurai Energy Corp. Samurai Energy Corp. is an independent oil and
gas exploration and production company headquartered in Houston,
Texas. The Company is engaged in the acquisition, development and
production of oil and natural gas reserves. The company's primary
focus is along the Texas Gulf Coast region. Forward-Looking
Statements This press release contains forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995 (the "Act"). In particular, when used in the preceding
discussion, the words "believes," "expects," "intends," "will,"
"anticipated," or "may," and similar conditional expressions are
intended to identify forward-looking statements within the meaning
of the Act, and are subject to the safe harbor created by the Act.
Except for historical information, all of the statements,
expectations and assumptions contained in the foregoing are forward
looking statements that involve a number of risks and
uncertainties. The reserve data included herein represents only
estimates. Reserve engineering is a subjective process of
estimating underground accumulations of oil and natural gas that
cannot be measured in an exact manner. As a result, estimates of
different engineers often vary. The estimates of reserves, future
cash flows and present value are based on various assumptions,
including those prescribed by the SEC relating to oil and natural
gas prices, and are inherently imprecise. In addition, important
factors that could cause actual results to differ materially
include the following: business conditions and the amount of growth
in the Company's industry and general economy; competitive factors;
ability to attract and retain personnel; the price of the Company's
stock; and the risk factors set forth from time to time in the
Company's SEC reports. Samurai Energy Corp. (PINK: SMRE) takes no
obligation to update or correct forward- looking statements, and
also takes no obligation to update or correct information prepared
by third parties that is not paid for by the Company. DATASOURCE:
Samurai Energy Corp. CONTACT: Sam Skipper of Samurai Energy Corp.,
+1-713-771-5500 Web site: http://www.samuraienergy.com/
Copyright