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Altus Explorations Inc. Announces Drilling Commences in Kansas.


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)--March 19, 2004

Altus Explorations Inc. (the "Company")(OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ATUX) is pleased to announce that the Elk County Elk County is the name of several counties in the United States:
  • Elk County, Kansas
  • Elk County, Pennsylvania
Also, Ełk County is a county (powiat) in Poland.
 Kansas, East Arbuckle Prospect: Jordan Trust No. 1 Well was spud in on March 17, 2004. Surface casing has been set and drilling has reached approximately 1,500 ft. Several drill stem tests In oil and natural gas extraction, the drill stem includes the drill pipe, drill collars, bottomhole assembly, and drill bit. A drill stem test (DST) is a procedure for testing the surrounding geological formation through the drill pipe.  will be performed to test certain coal seams and favorable looking zones in route to the target Mississippian/Arbuckle formation at 2500+/- feet. This is the first of three test wells on this Prospect.

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.
: Statements in this document that are not purely historical are forward-looking statements and are subject to risks. Forward-looking statements in this document include that stem tests will be performed to test certain coal seams, and that this is the first of 3 test wells on this prospect. Factors which could adversely affect or prevent these forward looking statements from coming to fruition include difficulties with equipment, labor, or financing to complete plans; regulatory or environmental laws or requirements; or issues with legal title to the property. Readers should refer to the risk factors set out in our 10-KSB for the last completed fiscal year as filed with the SEC for a more comprehensive list of risks which could affect our company.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 19, 2004
Words:215
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