Avondale Resources Corporation Repairs Wells and Restores Cottonwood Unit Production.TULSA, Okla. -- Avondale Resources Corporation (Pink Sheets:ANDL ANDL Army Nuclear Defense Laboratory ANDL Asociación Nacional de Locutores (Spanish) ) has contracted with Rampage Well Service to fix and repair wells on its Cottonwood cottonwood: see willow. cottonwood Any of several fast-growing North American trees of the genus Populus. Members of the willow family, cottonwoods have heart-shaped, toothed leaves and cottony seeds. The dangling leaves clatter in the wind. Unit in Creek County, Oklahoma Creek County is a county located in the U.S. state of Oklahoma. As of 2000, the population was 67,367. Its county seat is Sapulpa6. Geography According to the U.S. Census Bureau, the county has a total area of 2,512 km² (970 mi²). . Tom McCord, President, was quoted as saying, "We began work on the Cottonwood Unit July 17 and work will continue until we have put approximately 7 wells back on line. Repairs on 4 wells have already produced volumetric volumetric /vol·u·met·ric/ (vol?u-met´rik) pertaining to or accompanied by measurement in volumes. vol·u·met·ric adj. Of or relating to measurement by volume. enhancement and we expect to see similar results on the remaining wells. As indicated earlier, we have identified areas of interest where we will concentrate our resources. Short-term plans include opening gas zones on our Esso Leases in Creek County as well as repairing and putting more wells back on line." E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]Avondale Resources Corporation is an oil and gas exploration company actively seeking to acquire and develop additional oil and gas properties in Kansas and Oklahoma. Company plans are to develop oil and gas assets through enhancement of mature fields, marginal wells and close-in drilling. E[acute accent]CERTAIN STATEMENTS IN THIS NEWS RELEASE MAY CONTAIN FORWARD-LOOKING INFORMATION WITHIN THE MEANING OF RULE 175 UNDER THE SECURITIES ACT OF 1933 AND RULE 3b-6 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AND ARE SUBJECT TO THE 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. CREATED BY THOSE RULES. ALL STATEMENTS, OTHER THAN STATEMENTS OF FACT, INCLUDED IN THIS RELEASE, INCLUDING, WITHOUT LIMITATION, STATEMENTS REGARDING POTENTIAL FUTURE PLANS AND OBJECTIVES OF THE COMPANY, ARE 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. THAT INVOLVE RISKS AND UNCERTAINTIES. THERE CAN BE NO ASSURANCE THAT SUCH STATEMENTS WILL PROVE TO BE ACCURATE AND ACTUAL RESULTS AND FUTURE EVENTS COULD DIFFER MATERIALLY FROM THOSE ANTICIPATED IN SUCH STATEMENTS. TECHNICAL COMPLICATIONS THAT MAY ARISE COULD PREVENT THE PROMPT IMPLEMENTATION OF ANY STRATEGICALLY SIGNIFICANT PLAN(S) OUTLINED ABOVE. THE COMPANY CAUTIONS THAT THESE FORWARD-LOOKING STATEMENTS ARE FURTHER QUALIFIED BY OTHER FACTORS. THE COMPANY UNDERTAKES NO OBLIGATIONS TO PUBLICLY UPDATE OR REVISE ANY STATEMENTS IN THIS RELEASE, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE. |
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