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Texola Energy Reports on Its Maverick Springs Project, Nevada, USA.


VANCOUVER, B.C. -- Texola Energy Corp. ('Texola' or the 'Company') (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:TXLA) is currently working with Cedar Strat in reviewing the two large anticline anticline: see fold.  trend areas identified from data generated to date. The primary focus is to assess its existing and additional acreage needs going forward with a continued focus on any acreage within the trend areas. In focusing its exploration efforts, the Company will be cautiously trimming back on the leases that lie outside the anticline trends. However, management is cautious in its lease assessments in that should we make a discovery, even those leases could become very valuable.

In moving the project forward management is considering additional transect tran·sect  
tr.v. tran·sect·ed, tran·sect·ing, tran·sects
To divide by cutting transversely.



[trans- + -sect.
 mapping and/or seismic in order that it can greatly tighten up Verb 1. tighten up - restrict; "Tighten the rules"; "stiffen the regulations"
constrain, stiffen, tighten

confine, limit, throttle, trammel, restrain, restrict, bound - place limits on (extent or access); "restrict the use of this parking lot"; "limit the
 the prospective prospect areas.

About Texola Energy Corp.

Texola is an emerging, growth oil and gas exploration company focused on providing exceptional shareholder value and appreciation by finding, exploring and developing large scale, early stage oil and gas projects in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. .

To achieve this goal, the Company has recently undertaken various exploration initiatives, one of which is an early stage exploration prospect in Nevada, USA, and the second is located in Northern Alberta Norhern Alberta is a region located in the Canadian province of Alberta.

Its primary industry is oil and gas, with large heavy oil reserves being exploited at the Athabasca Oil Sands and Wabasca Area in the east of the region.
, Canada. Both of these projects offer the Company the potential to exploit and develop large, world-class reservoirs.

Notice Regarding 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.
 

This news release contains "forward-looking statements", as that term is defined in Section 27A of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release and Texola assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Texola believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in Texola's periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 19, 2007
Words:407
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