Blue Earth Resources, Inc. Announces Operational Update in Anticipation of Continued Growth
04 6월 2014 - 9:15PM
Marketwired
Blue Earth Resources, Inc. Announces Operational Update in
Anticipation of Continued Growth
INVER GROVE HEIGHTS, MN--(Marketwired - Jun 4, 2014) - Blue
Earth Resources, Inc. (the "Company") (OTC Pink: BERI) (PINKSHEETS:
BERI), an oil and gas exploration and production company reported
today on its ongoing operation activities.
The Company stated that the initial phase of workover activity
has been hindered by adverse weather conditions in the
area. With improved climate conditions, workover activity has
resumed on the Hunter Mannies #1. This well has solid long life
production with initial production level coming in at 125 barrels
per day. After careful evaluation and consultation with Blue
Earth's advisory team, the Company has made the decision to
re-perforate the well. During consultation, Blue Earth's
advisory team discovered two potential producing zones that have
developmental opportunities.
When Chesapeake Energy discovered the Haynesville Shale, they
proceeded to drill 5 wells on the Hunter Mannies lease. It was
at that time they discovered what appears to be an oil zone that
has not been produced. With the perforation of the two new zones,
engineers believe it will optimize reservoir production and
maximize reserve recovery.
"We are excited about the activity taking place on the Hunter
Mannies lease and look forward to announcing the results in the
next few days," said John Lai, President of Blue Earth
Resources.
About Blue Earth Resources, Inc.
Blue Earth Resources, Inc. headquartered in Inver Grove Heights,
Minnesota, is a growth-oriented oil and gas Exploration and
Production (E&P) company with a focus on growing reserves and
net asset value per share, through the development and enhancement
of oil and gas properties as well as developmental drilling
opportunities.
Forward Looking Statements
The foregoing material may contain forward-looking statements.
We caution that such statements may be subject to uncertainties and
that actual results could differ materially from the
forward-looking statements. Readers accordingly should not place
undue reliance on these forward-looking statements, which do not
reflect unknown or unanticipated events or circumstances occurring
after the date of these forward-looking statements.
CONTACT: Blue Earth Resources Inc. John Lai 952-838-3838 Email:
jlai@blueearthresources.com
Blue Earth Resources (PK) (USOTC:BERI)
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Blue Earth Resources (PK) (USOTC:BERI)
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