Castleguard Completes the Sale of Its Mings Chapel Properties.Energy Editors/Business Editors DALLAS--(BUSINESS WIRE)--April 11, 2003 Dallas-based Castleguard Energy (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MOAT) reports that is has completed the sale of its interests in two oil & gas properties in the Mings Chapel field, Uphsur County, Texas, to Denver-based Medicine Bow Medicine Bow can refer to the following things:
Proceeds of the sale will be used to pay down debt and to fund additional exploration and development in other areas. Castleguard Energy holds working interests in properties located in Texas, Louisiana Louisiana (ləwē'zēăn`ə, l  ē'–), state in the S central United States. It is bounded by Mississippi, with the Mississippi R. and Alabama Alabama, indigenous people of North AmericaAlabama (ăləbăm`ə), indigenous people of North America whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages). . Castleguard focuses on development projects, joint working relationships and non-operated properties. This report includes 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. within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although Castleguard believes that its expectations are based on reasonable assumptions, it can give no assurance that its goals will be achieved. Important factors that could cause actual results to differ materially from those in the forward-looking statements include political developments in foreign countries, federal and state regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. developments, the timing and extent of changes in commodity prices, the timing and extent of success in drilling, discovering, developing and producing or acquiring oil and gas reserves, and conditions of the capital and equity markets during the periods covered by the forward-looking statements. Castleguard's periodic reports filed with the Securities and Exchange Commission include a discussion of important factors that could cause actual results to differ materially from those indicated in forward-looking statements. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion