3DX Technologies Inc. announces drilling plans.HOUSTON--(BUSINESS WIRE)--May 16, 1997--3DX Technologies Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TDXT) today announced plans to drill a deep exploratory well on the Texas Gulf Coast to test the Miocene and Frio formations. The operator of the well is Prime Operating Company operating company A business that engages in transactions with outsiders. , a wholly-owned subsidiary of PrimeEnergy Corp.(NASDAQ:PNRG). Certain statements in this news release regarding future expectations and plans for oil and gas exploration, development and production may be regarded as "forward looking statements" within the meaning of the Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act. They are subject to various known and unknown risks, such as operating hazards, drilling risks, and other uncertainties inherent in the business of exploring for, developing and producing oil and gas which may be beyond the company's control. These risks, as well as other risks, are discussed in detail in the company's filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1996. There can be no assurance that the Company's exploration activities will be successful in meeting the Company's expectations. 3DX Technologies Inc. is a knowledge-based oil and gas exploration company whose core competence Core competence Primary area of expertise. Narrowly defined fields or tasks at which a company or business excels. Primary areas of specialty. and strategic focus is the utilization of 3-D seismic imaging and other advanced technologies in the search for commercial quantities of hydrocarbons hydrocarbons (hīˈ·drō·kärˑ·b  nz),n. . CONTACT: 3DX Technologies Inc., Houston C. Eugene Ennis, 281/579-3398 or Randall D. Keys, 281/579-3398 |
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