Tom Brown, Inc. and American Exploration Company form Cotton Valley Pinnacle Reef Trend joint venture.MIDLAND, Texas--(BUSINESS WIRE)--Dec. 5, 1996--Tom Brown, Inc. ("Company") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TMBR) and American Exploration Company ("American") (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :AX) announced today the execution of a definitive agreement to form an exploration joint venture that covers approximately 50,000 gross (40,000 net) acres of the Company's Lost Prairie prairie Level or rolling grassland, especially that found in central North America. Decreasing amounts of rainfall, from 40 in. (100 cm) at the forested eastern edge to less than 12 in. and Lake Tyler Prospects in Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic , Cherokee and Smith counties of east Texas located in the Cotton Valley Pinnacle pinnacle (pĭn`ĭkəl), minor architectural motif of vertical tapering shape, usually crowning a pier, buttress, or gable. Although sometimes it appears in Renaissance design, as in the Certosa di Pavia, it is almost exclusively a medieval Reef Trend. In exchange for a forty percent (40%) working interest ownership, American has agreed to invest approximately $7.3 million through the acquisition of land and a 3-D seismic survey. The Company will retain the remaining sixty percent (60%) ownership and serve as operator of the properties. The Company has identified over forty 2-D seismic anomalies
Anomalies is Cephalic Carnage's 4th full-length album. It was released on Relapse Records. The group expanded their sound even more than their previous album, Lucid Interval, and gained more popularity. which are potential pinnacle reefs in these two prospect areas and has commenced a 76 square mile 3-D seismic survey which is being conducted in the Lost Prairie prospect area. Drilling of the first well should commence during the first half of 1997. Donald L. Evans, Chairman and Chief Executive Officer of Tom Brown, Inc., said, "We are pleased that American Exploration Company has joined our team as we explore together in what is clearly one of the most exciting exploration plays 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. . The continuing completion of prolific wells in this trend confirms a play that is of major significance. Since the introduction of 3-D seismic to the play, the success rate has improved to over 70 percent." Evans also stated, "More than fifteen 3-D surveys have been initiated to locate the highly productive reefs, and approximately ten rigs are currently drilling. Recently completed wells are producing at rates of up to 28 million cubic feet of gas per day with estimated reserves of up to 75 billion cubic feet." Commenting for American, Mark Andrews Mark Andrews (born May 19 1926) is an American politician from the state of North Dakota. He is a member of the United States Republican Party. Andrews was born in Cass County, North Dakota. He attended the public schools there. , Chairman and Chief Executive Officer said, "We are very pleased to have been able to add a third major focus area to our exploration portfolio and to be working with Tom Brown, Inc. Like our Texas State Waters and Yoakum Gorge projects, the Cotton Valley Reef Trend project complements our strategy of using 2-D seismic to identify and acquire prospective acreage in a high potential area and then initiate 3-D seismic surveys to delineate drilling locations." "We have been studying the Cotton Valley Reef Trend for some time and feel that this joint venture offers the best way to establish a meaningful position. In addition, we have recently acquired 3-D seismic data over our lease in the Bear Grass area which directly offsets the Blanton No. 1 discovery made by another operator." CONTACT: Tom Brown, Inc., Midland Donald L. Evans, 915/682-9715 or American Exploration Company, Houston Frank Murphy For other persons named Frank Murphy, see Frank Murphy (disambiguation). William Francis (Frank) Murphy (April 13, 1890 - July 19, 1949) was a politician and jurist from Michigan. , 713/756-6269 |
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