Xtreme Oil & Gas Announces Robinson Well Results
(firmenpresse) - PLANO, TX -- (Marketwire) -- 09/20/11 -- Xtreme Oil & Gas, Inc. (OTCBB: XTOG) (OTCQB: XTOG) announced today that the Robinson well in Oklahoma achieved initial production of over 300 barrels of oil and 850,000 cubic feet of gas per day. Current regular production has settled in at approximately 200 barrels of oil and 1,000,000 cubic feet of gas per day. While Xtreme's interest in this well is small, the technology and methods successfully used to achieve these results have now been validated. The Company's partners have spent $22 Million on six other wells in the area perfecting the science with similar production results.
Willard G. McAndrew III, CEO of Xtreme, commented, "The Robinson results verified our horizontal drilling and completion procedures. We intend to use the same methods on our Kansas properties where the oil formations should be even more responsive to these processes."
Xtreme Oil & Gas, Inc. is a rapidly growing Dallas based independent energy company engaged in the exploration, development, acquisition, and production of crude oil and natural gas with operations from properties it owns in Texas, Oklahoma, and Kansas.
Statements included in this release related to Xtreme Oil & Gas, Inc. constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of finding and developing oil and gas properties, the technological and financial difficulties inherent in these activities, the price of hydrocarbons and the Company's ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company's financial results can be found in the Company's reports filed with the Securities and Exchange Commission.
Contact:
Xtreme Oil & Gas, Inc.
(214) 432-8002
Investor Relations:
The Eversull Group, Inc.
Jack Eversull
972-571-1624
214-469-2361 fax
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Datum: 20.09.2011 - 13:15 Uhr
Sprache: Deutsch
News-ID 67673
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Town:
PLANO, TX
Kategorie:
Coal
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