Apollo Resources Subsidiary Increases Natural Gas Production.DALLAS -- Apollo Resources International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AOOR AOOR Annals Of Operations Research ) today announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Mountain States The Mountain States (also known as the Mountain West) form one of the nine geographic divisions of the United States that are officially recognized by the United States Census Bureau. Petroleum Corporation, has begun producing natural gas from a well in southeastern Utah which had been shut-in for approximately two years. The well has produced an average of 1,050 MCFPD (thousand cubic feet per day) of raw gas per day since being upgraded during the month of January, yielding an average of 525 MCF per day of saleable sale·a·ble adj. Variant of salable. saleable or US salable Adjective fit for selling or capable of being sold saleability or US natural gas into the pipeline. Workover operations on the well were completed during the last week of October 2005. The installation and upgrading of surface production facilities was completed on January 17, 2006. Gas production rates were increased from approximately 30 MCFPD during November 2005 to a sustained rate of 1,050 MCFPD this past week. Gas production from the newly productive well is transported by a Western Gas Resources Western Gas Resources is a Fortune 1000 company based in Denver, Colorado and founded in 1971. Western is an independent natural gas explorer, producer, gatherer, processor, transporter and energy marketer. pipeline to its Kirtland Gas Plant located in Kirtland, N.M. There, it is treated for hydrogen sulfide hydrogen sulfide, chemical compound, H2S, a colorless, extremely poisonous gas that has a very disagreeable odor, much like that of rotten eggs. It is slightly soluble in water and is soluble in carbon disulfide. and other contaminants before being sold. Mountain States Petroleum Corporation is an oil and gas exploration and production company which currently has working interests in over 200 wells, all of which are operated by the Company. Apollo Resources International (www.apolloresources.com) is a public energy company focused on the acquisition and development of upstream oil and natural gas production assets. Additionally, the Company evaluates and develops existing and future alternative energy sources. This press release may contain "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions. Statements of current oil and/or natural gas production figures should not be assumed to apply to future production figures. |
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