Calibre Energy, Inc. Provides Update on Bina-Bawi 1 Exploration Well in Kurdistan.WASHINGTON & HOUSTON -- Calibre Energy Calibre Energy, Inc. (OTCBB: CBRE) is a Washington, D.C.-based natural gas and oil exploration company. Most of their operations are in Texas but Calibre was the first U.S. , Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) ), ("Calibre calibre see caliber. ") announced that the Bina-Bawi 1 exploration well was at a depth of 3,355 meters (11,007 feet) and has completed logging the lower part of the hole. Earlier in the drilling of the Bina-Bawi 1, oil was recovered from the drill string during a fishing operation from intervals in the Upper Cretaceous at the depths of 550 to 750 meters. The Joint Venture has agreed to commence testing to determine the productive and commercial potential of at least three zones intersected by the well. Furthermore, the Joint Venture anticipates drilling the Bina-Bawi 2 appraisal well upon the completion of the Bina-Bawi 1 in order to evaluate and test the prospective intervals in the Upper Cretaceous. ABOUT CALIBRE ENERGY, INC. Headquartered in Washington, DC with operating offices in Houston, TX, Calibre Energy, Inc. is an early stage oil and gas company focused on the creation of shareholder value through the development of world class unconventional and untapped domestic and international oil and gas resources with domestic operations in the Barnett and Fayetteville Shales and international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. in Iraqi-Kurdistan. FORWARD LOOKING STATEMENTS This press release contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding future results, levels of activity, events, trends or plans. We have based these 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. on our current expectations and projections about such future results, levels of activity, events, trends or plans. These forward looking statements are not guarantees and are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, events, trends or plans to be materially different from any future results, levels of activity, events, trends or plans expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as guidance, may, will, should, could, would, expect, plan, anticipate, believe, estimate, continue or the negative of such terms or other such expressions. As they pertain to pertain to verb relate to, concern, refer to, regard, be part of, belong to, apply to, bear on, befit, be relevant to, be appropriate to, appertain to our business, in general, important factors that could cause our actual results to differ materially from our expectations, include but are not limited to those factors disclosed in our Annual Report on Form 10-KSB, our other filings with the Securities and Exchange Commission, as well as our other public documents and press releases. Readers are cautioned not to place undue reliance on our forward looking statements, as they speak only as of the date made. Such statements are not guarantees of future performance or events and we undertake no obligation to disclose any revision to these forward looking statements to reflect events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or occurring after the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . |
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