SOURCE: Timberlake Energy Solutions Inc.
Timberlake Energy Solutions Inc. Completes Successful Field Test Evaluation of CO2 Injection Technology
CO2 Injection Technology Has Produced Accelerated Oil Rates on Tested Wells
OVERLAND PARK, KS--(Marketwire - March 15, 2010) - Timberlake Energy Solutions Inc.
(
Bob Bowersock, President, said, "The test was on Timberlake's 160 acre
lease field in Kansas and we are truly excited with the results." He also
added, "We have concluded that the CO2 injection technology has produced
accelerated oil rates on the tested wells and will proceed with finalizing
our negotiations with the oil recovery technology firm."
About Timberlake Energy Solutions Inc.
Timberlake Energy Solutions Inc. is an exploration company focused on
purchasing abandoned or undervalued oil and gas leases in the United
States. With an experienced technical team, these oil and gas wells are
refurbished and outfitted with the latest in oil and gas recovery
equipment. Timberlake Energy Solutions has advanced technology to reclaim
and put these wells back into production, hence increasing the well value
significantly. Timberlake operates exploration projects through joint
ventures in the Appalachian Basin and owns interests in a number of
petroleum and natural gas leases in Lambton and Kent Counties, Ontario. In
addition to its main operating focus, the company is actively exploring
projects in the Appalachian and Michigan Basins.
Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic
performance and trends, projections of results of specific activities or
investments, and other statements that are not descriptions of historical
facts may be forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking information is inherently subject to risks and
uncertainties, and actual results could differ materially from those
currently anticipated due to a number of factors, which include but are not
limited to, risk factors inherent in doing business. Forward-looking
statements may be identified by terms such as "may," "will," "should,"
"could," "expects," "plans," "intends," "anticipates," "believes,"
"estimates," "predicts," "forecasts," "potential," or "continue," or
similar terms or the negative of these terms. Although we believe that the
expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee future
results, levels of activity, performance or achievements. The company has
no obligation to update these forward-looking statements.
Bob Bowersock
President
Timberlake Energy Solutions Inc.
investorrelations@timberlakeenergy.com
This is a standard press release. Learn more about press release distribution from Marketwire to find out how to get your news featured here and on thousands of targeted news outlets.
