Altus Explorations Inc. Announces Completion of Lane #1 Bossier Gas Well.Business Editors OLIVE BRANCH olive branch symbol of peace and serenity. [Gk. and Rom. Myth.: Brewer Handbook; O.T.: Genesis, 8:11] See : Peace , Miss.--(BUSINESS WIRE)--Jan. 13, 2004 Altus Explorations Inc. (the "Company") (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ATUX) is pleased to announce the completion of its work over program on the Lane No. 1 Bossier Bossier may refer to:
According to the U.S. Census Bureau, the county has a total area of 2,311 km² (892 mi²). . The well is currently shut-in waiting for gas meter installation and pipeline hook-up to commence gas sales, which is scheduled for January 15, 2004. As of January 8, 2004, the well's shut-in surface pressure was measured at 6600psi. On December 28, 2003, the well was tested on various choke (jargon) choke - To fail to process input or, more generally, to fail at any endeavor. E.g. "NULs make System V's "lpr(1)" choke." See barf, gag. sizes. The well stabilized at 2900 psi on a 12/64th choke and maintained that pressure for eight hours and was then shut in for hook-up. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement This news release includes statements about expected future events and/or results that are forward-looking in nature and subject to risks and uncertainties. Forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. in this release include, but are not limited to, that the Company will install a gas meter and pipeline to the Lane No.1 Bossier gas well and commence gas sales, which is scheduled for January 15, 2004. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Factors that could cause actual results to differ materially include general factors that affect all companies that explore for oil and gas, such as the uncertainty of the requirements demanded by environmental agencies, the impact of competitive products and pricing and general economic conditions as they affect the Company's customers, the price of oil and gas, and specific risks such as the Company's ability to raise financing for acquisitions or operations, inability to hire qualified employees in a timely manner, and the likelihood that no commercial quantities of oil or gas is found or recoverable. Readers should refer to risk disclosure of other junior oil and gas exploration reporting companies on Edgar to get an understanding of the range of risk factors that could adversely affect the Company. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion