DGAP-News: Northwest Oil&Gas Trading Company, Inc.: Successful drilling of the 'Wheeler-Gasprospect' / Excellent Gas Effect
(firmenpresse) - Northwest Oil&Gas Trading Company, Inc. / Miscellaneous
02.06.2010 08:30
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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The company is pleased to announce the successful drilling of the
'Wheeler-Benton-Gasprospect' (Alabama State Oil and Gas Board Permit Number
16212) at the 'Hells Creek Field' in Alabama. The target zone at 3,800 feet
shows excellent data and gas effect.
The completion of the well starts with the casing of the well to stablize
it and to prevent the sides from caving into the well and with the setting
of the wellhead, called 'Christmas Tree'. The pipelinework will be done,
too. Start of production is expected in June, which means upcoming Casflow
and Earnings fort he company. At www.northwestoil.org under 'Project
Wheeler' some videotrailers show the work on the prospect.
About Northwest Oil&Gas Trading Company, Inc.: Northwest Oil&Gas
Trading Company, Inc. is a young and upcoming exploration company pursuing
the primary goal of activating or reactivating existing oil- and
gas-reserves.
Disclaimer/Predictive statements: This notification serves only general
purposes and is not meant as a tender to purchase or sell shares of
Northwest Oil&Gas Trading Company, Inc.. Some statements in this
notification are so-called forward-looking statements under the U.S.
Private Securities Litigation Reform Act of 1995. These assertions are
based on current expectations, estimates and forecasts as well as currently
available information. The future-oriented assertions are not to be
understood as guarantees of the cited prospective developments and results.
The statements are not based on historical background, but rather represent
predictive position statements and assumptions subject to risks and
uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements and
assumptions, including, but not exclusively, certain delays beyond the
control of the company with respect to the beginning and duration of
exploration and production, uncertainties regarding future and/or
unexpected costs, fluctuations in commodity prices, the inability or
failure to obtain adequate financing on a timely basis, changes in the
national and local laws, contestations of legal possession of the property,
hazards effecting the environment, on-site accidents, unusual or unexpected
geological formations, flooding and other natural catastrophes, the risk of
inadequate insurance or the inability to conclude an insurance contract and
other risks, as well as also entirely unknown risks, uncertainties and
factors which could lead to situations where the actual results, financial
situation, developments or performance of the company considerably deviate
from those which were expressly or implicitly assumed in these statements
or assumptions. Should one or more of these risks and uncertainties
materialize, or should underlying assumptions prove incorrect, actual
results may vary materially from those described in forward-looking
statements.
June 2nd, 2010
Northwest Oil&Gas Trading Company, Inc.
02.06.2010 08:30 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 02.06.2010 - 08:30 Uhr
Sprache: Deutsch
News-ID 21814
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Kategorie:
Business News
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