EPiC Enters into Seismic Farm-in Agreement in Rush County, Kansas.HOUSTON -- EPiC Capital Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EPCC EPCC El Paso County Community College (El Paso, TX, USA) EPCC Edinburgh Parallel Computing Centre EPCC Établissement Public de Coopération Culturelle EPCC Engineering, Procurement, Construction and Commissioning ) announced today that it has signed a seismic farm-in agreement with a third party covering EPiC leasehold in the northwest portion of its Reichel Field, located in Rush County, Kansas Rush County (standard abbreviation: RH) is a county located in the U.S. state of Kansas. As of 2000, the population is 3,551. The largest city and county seat is La Crosse. Geography According to the U.S. . The agreement was entered into with an independent oil and gas company currently shooting 3D seismic on leases adjacent to and across a portion of EPiC leasehold. The agreement provides EPiC access to the seismic information covering its leasehold and potentially could provide additional low risk development drilling opportunities. It is anticipated that the seismic information will confirm the further extension of commercial quantities of hydrocarbons hydrocarbons (hīˈ·drō·kärˑ·b  nz),n. beyond the current estimated boundaries. Rex Doyle, EPiC's Chief Executive Officer, stated, "This seismic activity is again another indication of the level of interest in this area of Rush County. We continue to believe in the long term value of our extensive lease position and gathering system we operate in the Area. A positive outcome from this seismic activity could substantially increase the general activity in the area and provide benefit to all operators." EPiC also announced that the Reichel Field is currently under a curtailment Curtailment The act of contracting or reducing operations of a company in the hope of bringing it financial or operational stability. This management technique is often used when a company has grown too fast and is unable to effectively manage its operations. due to work being undertaken by the area purchaser, a major pipeline company. EPiC is currently working with a number of companies developing alternative delivery plans. EPiC Energy Resources is an independent integrated energy company based in The Woodlands, Texas. EPiC is focused on acquiring and developing mature oil & gas producing assets with low risk upside Upside The potential dollar amount by which the market or a stock could rise. Notes: This is basically an educated guess on how high a stock could go in the near future. See also: Bull, Downside opportunities in recompletions, workovers, re-drills and field optimization. EPiC's integrated energy and infrastructure will provide additional opportunities by providing program management and operational management & consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to energy related projects within conventional and non-conventional market segments. EPiC is headquartered at 10655 Six Pines Drive, Suite 210, The Woodlands, Texas 77380. Office phone number is 281-419-3742. Website address is www.1epic.com. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion