DGAP-News: Spectral Announces First Oil Well Completion
(firmenpresse) - DGAP-News: Spectral Capital Corporation / Key word(s): Miscellaneous
Spectral Announces First Oil Well Completion
22.02.2012 / 07:26
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Spectral Announces First Oil Well Completion
Alberta Oil Property to Produce Revenue from First of Seven Wells Earlier
than Expected
SEATTLE, Washington (22 February 2012) - Spectral Capital Corporation,
(FCCN.QB) (F3SN:F) announced today that it had finished the recompletion
and reconditioning of its first oil well on its newly acquired Alberta
property with production beginning imminently. There are seven other
drilling locations on this property that Spectral intends to develop.
'Spectral is exceptionally pleased that our first producing well has been
successfully recompleted, ahead of schedule, and that revenues will be
generated immediately. We are looking forward to realizing profits from
this first well and expect that production will provide us with revenues
sufficient to cover overhead and to fuel expansion efforts for the
development of the property.' Concluded CEO Jenifer Osterwalder.
About Spectral
Spectral Capital Corporation acquires and develops natural resources
projects worldwide. Spectral has a synergistic, balanced, mutually
reinforcing growth strategy focused in three areas: Near Term: Acquisition
of Cash Flow Producing Oil and Gas Properties; Medium Term: Development of
a Substantial, Producing Oil and Gas Asset Portfolio and Long-Term: Large
Scale Natural Resources Projects for Future Growth.
PRESS RELEASE FORWARD LOOKING STATEMENT:
This press release contains forward-looking statements (as defined in
Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended) concerning future events
and the Company's growth and business strategy. Words such as 'expects,'
'will,' 'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,'
'estimates,' and variations on such words and similar expressions are
intended to identify forward-looking statements. Although the Company
believes that the expectations reflected in such forward-looking statements
are reasonable, no assurance can be given that such expectations will prove
to have been correct. These statements involve known and unknown risks and
are based upon a number of assumptions and estimates that are inherently
subject to significant uncertainties and contingencies, many of which are
beyond the control of the Company. Actual results may differ materially
from those expressed or implied by such forward-looking statements. Factors
that could cause actual results to differ materially include, but are not
limited to, changes in the Company's business; competitive factors in the
market(s) in which the Company operates; risks associated with operations
outside the United States; and other factors listed from time to time in
the Company's filings with the Securities and Exchange Commission. The
Company expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or circumstances on
which any statement is based.
Contact:
Jenifer Osterwalder
contact(at)spectralcapital.com
End of Corporate News
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157272 22.02.2012
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Unternehmensinformation / Kurzprofil:
Datum: 22.02.2012 - 07:26 Uhr
Sprache: Deutsch
News-ID 117059
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Kategorie:
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