Creston Resources' Subsidiary, Homeland Gas and Oil, Brings in Another Well; Primarily a Natural Gas Producer.SALT LAKE CITY -- Creston Resources Inc. (Pink Sheets: CSTJ) announced today the successful test of its Ute 1-34-Z2 well, which was recompleted into the Upper Green River formation The Green River Formation is an Eocene geologic formation that records the sedimentation in a series of intermontane lakes. The sedimentary layers were formed in a large area of interconnecting lakes, named for the present-day Green River, a tributary of the Colorado River. (perforations between 7,500 feet - 8,200 feet) as a gas producer located on the Ute Tribal lands in the Uintah basin The Uintah Basin is a geologic structural basin in eastern Utah, east of the Wasatch Mountains and south of the Uinta Mountains. The Uintas are one of the few major mountain ranges in the United States oriented from east to west, rather than north to south. of eastern Utah. Paul McCulliss, the president of Creston Resources, confirmed that the well tested 800 MCFD MCFD Ministry of Children and Family Development (British Columbia, Canada) MCFD thousand cubic feet per day MCFD million cubic feet per day MCFD Malta College of Family Doctors MCFD Multiple Coagulation Factor Deficiency of 1150 btu gas (no liquids) on a 7/64 choke, with an FTP FTP in full file transfer protocol Internet protocol that allows a computer to send files to or receive files from another computer. Like many Internet resources, FTP works by means of a client-server architecture; the user runs client software to connect to of 2700 psig. "The gas is under contract with a major gas producer and the well has begun selling gas immediately. We are very excited about the ultimate potential of this well," said McCulliss. McCulliss explained that this area, known as Coyote Basin, has traditionally been classified as a deep Wasatch oil and gas play with depths of around 18,000 feet. "Creston has extensive lease holdings in the Coyote Basin and has staked eight well locations targeting the Green River formation," said McCulliss. "Creston likes this area because of the multiple Green River pay zones that are above 12,000 feet. Creston's objectives are three proven zones of interest," said McCulliss, "the transition zone between the Wasatch and Green River, the traditional Green River oil zone, and the Upper Green River gas zone." McCulliss concluded by stating that Creston anticipates reserves commensurate with wells in this area which average 200,000 barrels of oil and 3BCF BCF Billion Cubic Feet BCF Bioconcentration Factor BCF British Chess Federation BCF British Coatings Federation BCF Breast Cancer Fund BCF Bank Credit Facility BCF Bulked Continuous Filament BCF British Cycling Federation BCF Boeing Converted Freighter of natural gas. This press release in no way constitutes a reason to purchase the stock of CSTJ as the company cannot predict the outcome to be a success. Forward-looking statements and comments in this press release are made pursuant 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. provisions of the Securities and Exchange Act of 1934. Such statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc , among other things, the prospects for the companies to complete the transactions and enhance the operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These risks may be further discussed in periodic reports and registration statements to be filed by the company from time to time with the Securities and Exchange Commission in the future. |
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