Palisades Petroleum Corporation: North Buffalo Prospect Preparing for Development.RENO, Nev. -- Palisades Palisades, cliffs along the west bank of the Hudson River, NE N.J. and SE N.Y., extending from N of Jersey City, N.J., to the vicinity of Piermont, N.Y., with a general altitude of from 350 ft to 550 ft (107–168 m). Petroleum Corporation (PINK SHEETS:PAPT) www.palisadespetroleum.com is pleased to announce that the Company has finalized See finalization. agreements to acquire substantial Oil and Gas interests, including a 100% working interest, 80% net revenue interest, in 2925 net/gross acres of oil and gas leases in Chouteau County, Montana Chouteau County is a county located in the North-Central region of the U.S. state of Montana. As of 2000, the population is 5,970. Its county seat is Fort BentonGR6. (Sweetgrass Arch, North West Montana, USA) The acquisitions include The North Buffalo North Buffalo may refer to:
"The North Buffalo Prospect is a geologically defined shallow gas project and is an offset location to major gas well production" Shane Ivancoe, President of Palisades Petroleum Corporation said today, "We have assembled a technical team with a combined experience of over 50 years in development and exploration of oil and gas in the region, estimates indicate that the prospect will support 8 gas wells, each producing in excess of 300,000 cubic feet of Natural Gas per day". The North Buffalo Prospect lies south of the giant Cut Bank Oil and Gas Field, which is the most well known field within a broad regional hydrocarbon province that has been richly productive since the 1920s. "The initial wells in the North Buffalo prospect will be drilled within 1/2 mile of an existing gas gathering line, the close proximity of which will expedite gas sales. Other U.S. companies that are active within this regional shallow gas play are ExxonMobil www.exxonmobil.com, Shell www.shell.com, Encana www.encana.com, Quicksilver quicksilver: see mercury. (1) (QuickSilver Technology, Inc., San Jose, CA, www.qstech.com) A mobile communications company that specializes in a reconfigurable logic chip for cellphones and PDAs. See adaptive computing. Resources www.qrinc.com, Robinson Oil Co. and Western Natural Gas. Further information on the progress of the Companies activities will be presented on a timely basis. Disclaimer: This announcement may contain 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. which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital Noun 1. operating capital - capital available for the operations of a firm (e.g. manufacturing or transportation) as distinct from financial transactions and long-term improvements capital, working capital - assets available for use in the production of further assets , factors detailed in the accuracy of geological and geophysical results including drilling and seismic reports; the ability to close the acquisition of Oil and Gas exploration properties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in Palisades Petroleum Corporation filings with the Pink Sheets LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and may be accessed at http://www.pinksheets.com. Palisades Petroleum Corporation (PINK SHEETS:PAPT) |
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