Kabe Exploration Inc. Letter to Shareholders
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 10/11/13 -- (OTCQB: KABX)
Dear Shareholders,
The management team of Kabe Exploration is pleased to announce that we have raised debt capital from institutional investors to support the company's ongoing drilling development plans in the Mississippi Lime. We have begun initial field testing and are looking at strategic proven producing assets and oil field services companies as targets for potential acquisition to grow the company more rapidly. KABE's five-year operational plan is expected to bring 24 new oil wells into production. Each well in the area is estimated to yield 400,000 barrels of oil -- that's 9,600,000 total barrels for the project -- over a billion dollars in oil at today's prices. Immediate exploration and development of our acquired acreage of oil leases in the highly productive Mississippian field of Southern Kansas.
Based in San Diego, California, Kabe Exploration Inc. is an oil & gas exploration and development company that acquires mineral rights in prolific shale plays for production.
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends," "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
Media Relations:
Erik Ulsteen
(858) 699 1359
Email:
Website:
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Datum: 11.10.2013 - 13:00 Uhr
Sprache: Deutsch
News-ID 1271943
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SAN DIEGO, CA
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Kategorie:
Alternative Energy
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