Cambrian Announces Completion of Bail Testing on 'King' Lease
(firmenpresse) - LEXINGTON, KY -- (Marketwire) -- 12/06/11 -- Cambrian Systems (PINKSHEETS: CAMS) is pleased to announce that the Company has bail tested eight of the existing oil wells on their new 250 acre King lease in Green County, Kentucky.
Six of the eight wells tested showed good amounts of fresh oil that replenished itself quickly as the Company continued to bail test. Two wells out of the six good wells looked to be the most promising of any of the wells they have tested to date. One of them had a 470' column of oil in it with no show of water. The oil from the wells looks to be the same high quality light sweet crude that the Company encountered when they bail tested the nearby Tom Davis lease.
Management stated, "While we're still struggling with muddy conditions, we'll continue to take advantage of every window of opportunity to complete the bail testing process for the remaining wells on our package of Green county leases. We're so excited with the results of our bail testing program to date and are even more confident about establishing commercially viable production for the shareholders of Cambrian."
Please check the Company website for pictures of the work being done in the upcoming days.
About Us:
Cambrian is an independent oil and gas company with a primary focus on acquiring, developing and participating in the U.S. crude oil and natural gas properties.
Safe Harbor
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Cambrian Systems, Corp., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
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Cambrian Systems
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Datum: 06.12.2011 - 08:34 Uhr
Sprache: Deutsch
News-ID 1063564
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LEXINGTON, KY
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Kategorie:
Pipelines
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