International TME Resources Inc. Reports on its Trinity Sands Project.DALLAS -- International TME See Tivoli Systems Management Software. Resources Inc. (Pink Sheets: ITME ITME International Textile Machinery Exhibition (India) ) is pleased to report that an amended agreement was signed with its Joint Venture partners to test four cased holes drilled by the Joint Venture. Three of the holes will be tested for the Trinity Oil Sands and one well will test a Strawn gas sand. The Joint Venture is exploring for heavy oil and natural gas on a block of 33,962 acres, more or less, located in Edwards Co., Texas. Australia ITME has onshore royalty and working interest holdings in 4,281,123 acres in the Cooper-Eromanga Basin in South Australia South Australia, state (1991 pop. 1,236,623), 380,070 sq mi (984,381 sq km), S central Australia. It is bounded on the S by the Indian Ocean. Kangaroo Island and many smaller islands off the south coast are included in the state. . Offshore Australia royalty interest royalty interest The proportional ownership interest by the owner of oil and gas rights in income produced by the asset. See also overriding royalty interest. in the Gippsland Basin total 370,572 acres. For the Board Allen White, President International TME Resources Inc. 6370 L.B.J. FRWY., Suite 174 Dallas, TX 75240 972.458.7013 Symbol: ITME Web: www.tmeresources.com The statements in the press release that relate to the company's expectations with regard to the future impact the company's results from acquisitions or actions in development 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. within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The statements in this document may also contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion