Spicewood Energy Management, LLC (SEM) Announces an Exploration Agreement for 500 Sq Miles of Seismic Data
SEM, Which Was Formed to Manage Oil and Gas Investments Through Multiple Limited Partnerships, Announces an Exploration Agreement With Hollimon Oil (J. Charles Hollimon, Ltd.) and Oakwood Oil & Gas, LLC for 500 Sq Miles of Seismic Data Taken From Freestone and Leon Counties, Texas
(firmenpresse) - SPICEWOOD, TX -- (Marketwire) -- 05/03/12 -- Spicewood Energy Management, LLC (SEM) announced today an Exploration Agreement with Hollimon Oil and Oakwood Oil & Gas, LLC for 500 sq miles of Seismic Data taken from Freestone and Leon Counties, Texas.
SEM is the Managing Partner for Spicewood Energy Fund I, LP. Through its affiliate operating company, Resaca Resources, LLC, it has rights to 35% working interest of projects generated from the 500 sq mile, prolific area in Leon & Freestone Counties. "This was the first real shot in the area that Spicewood Energy needed for Fund I to really get off the ground," stated Waylan Johnson, General Partner.
Mr. Johnson further stated, "We are aligning ourselves with some mid-sized, family owned oil & gas companies that we've had long term relationships with. These types of relationships will help lead SEM in its drilling successes." SEM is currently negotiating several other positions in projects located throughout the Upper Gulf coast, north central and south Texas areas.
For further information regarding topics discussed in this article, please contact Spicewood Energy Management, LLC via their Investor Relations Department: (512) 610-0552 or visit where you can join the SEM (corporate) Mailing List and receive up to date information on SEM activities, including all SEM Press Releases.
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Spicewood Energy Management, LLC (SEM) is a Texas based oil and gas company that has offices located in Spicewood, Texas and Port Aransas, Texas. SEM will manage oil and gas investments through multiple limited partnerships, which will be formed in the state of Texas and filed pursuant to Blue-Sky filings. SEM announced the formation of its first partnership, the Spicewood Energy Fund I, LP in February 2012. The Partnership will engage in numerous aspects of oil and gas exploration, development and production.
Disclaimer: This release/announcement/document is neither an advertisement, an offer to sell, nor a solicitation of an offer to buy securities, Units or participations of SEM or Spicewood Energy Fund 1, LP (SEM). This release/document contains certain statements, estimates, and forecasts with respect to future performance and events. All statements other than statements of historical fact included in this release/announcement/document, a Memorandum, or the SEM website, including, but not limited to, statements regarding future performance of events, are forward-looking statements. All such forward-looking statements are based on various underlying assumptions and expectations and are subject to risks and uncertainties which could cause actual events to differ materially from those expressed in the forward-looking statements. As a result, there can be no assurance that the forward-looking statements included in this release/document, a Memorandum, or the SEM Website will prove to be accurate or correct. In light of these risks, uncertainties and assumptions, the future performance or events described in the forward-looking statements in this release/document, a Memorandum, or the SEM Website might not occur. Accordingly, investors should not rely upon forward-looking statements or historical performance as a prediction or indicator of actual or future results. Also, Spicewood Energy Fund 1, LP., its officers, principals, employees, agents, subsidiaries, affiliates and consultants, and the other parties, investors, and partners involved in any properties, programs and SEM activities have conflicts of interests. The price received for the oil and natural gas produced from any investments, activities, properties may be less than quoted NYMEX prices at any given times. SEM does not undertake any obligation to update any forward-looking statements, facts or other information, whether as a result of new information, future events, subsequent circumstances or otherwise. Information herein is not intended to be any form of solicitation. Information found on this page is neither an offer to buy or sell securities or other investments.
Contact:
Spicewood Energy Management, LLC
Investor Relations Department:
(512) 610-0552
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Datum: 03.05.2012 - 11:30 Uhr
Sprache: Deutsch
News-ID 142240
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