EnDevCo Announces 2nd Horizontal Well at Short Junction Field
18 8월 2008 - 8:30PM
PR Newswire (US)
HOUSTON, Aug. 18 /PRNewswire-FirstCall/ -- EnDevCo, Inc. (OTC:EDVC)
(BULLETIN BOARD: EDVC) , the Energy Development Company, announced
today that preparations for the 2nd horizontal well at Short
Junction Field have been completed. The drilling site for the
upcoming WSJU #111 StH well has been prepared and is ready to
accept the rig. "There are multiple processes involved in preparing
for a new well," stated Chris A. Dittmar, Chief Executive Officer
at EnDevCo. "Our team worked efficiently to ensure that all aspects
required for the drilling and completion of the next horizontal
well in the Short Junction Field were completed seamlessly. We are
pleased to be moving forward with our drilling campaign and plan to
accelerate the process there until we are producing at full
capacity," said Mr. Dittmar. About EnDevCo: EnDevCo is a dynamic
energy company rapidly establishing an identity consistent with its
operating philosophy of "Science Before The Drill Bit." The Company
has domestic and foreign oil and gas projects with current
interests in Oklahoma, the Gulf of Mexico offshore Louisiana,
Colombia and Peru. EnDevCo's largest domestic property, Short
Junction Field, located in Oklahoma, currently produces from 24 oil
wells and 2 gas wells. The Company recently completed drilling its
first horizontal well, which has increased production in the Field
by more than 300%. EnDevCo maintains offices in Houston and Dallas,
Texas. For more information on EnDevCo, visit
http://www.endevcoinc.com/. This press release includes certain
"forward-looking statements". The forward-looking statements
reflect the beliefs, expectations, objectives, and goals of
EnDevCo, Inc. management with respect to future events and
financial performance. They are based on assumptions and estimates,
which are believed reasonable at the time such statements are made.
However, actual results could differ materially from anticipated
results. Important factors that may impact actual results include,
but are not limited to commodity prices, political developments,
legal decisions, market and economic conditions, industry
competition, the weather, changes in financial markets and changing
legislation and regulations. The forward-looking statements
contained in this report are intended to qualify for the safe
harbor provisions of Section 21E of the Securities and Exchange Act
of 1934, as amended. DATASOURCE: EnDevCo, Inc. CONTACT: investors,
Tom Cloutier of EnDevCo, Inc., +1-706-832-2412, ; or media, Amanda
Thomas of Robust Media Group, LLC, +1-407-585-8850, , for EnDevCo,
Inc. Web site: http://www.endevcoinc.com/
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