JMCP Acquisitions Corp. Signs Contracts for Rosnefts Former YUKOS Property in Samara, Russia
Posted on: Tuesday, 4 September 2007, 00:14 CDT
PALM BAY, Fla., Sept. 4 /PRNewswire-FirstCall/ -- JMCP Acquisitions Corp. (Pink Sheets: JMCP) CEO, Frank Love announces, "Rosneft's Samara Region Oil Field is one of our three Oil Projects. Here is some information concerning this project:"
Former YUKOS Property Purchased by Rosneft at auction in 2007 1. Quantity: Three (3) licensed sites 2. Size: 725 sq.km 3. Type of proven reserves: 2.0 million ton of gas-condensate crude oil - C1 - 1.5 million ton crude oil - C2 - 5.0 million tons 4. Qnt. of operating wells: 11 wells 5. Qnt. of obtained crude oil: 15,000 tons a month 6. Qnt. of prepared wells: 16 additional wells are ready for drilling (passports are in place) 7. Qnt. of capped wells: 3 wells are capped and ready for future exploration 8. Communications: a) Highways there numerous highways crossing the fields b) Railway "Zekeznodoroznaja" railway station is located in the middle of the field c) pipeline the major oil pipeline is located 60 kms from the fields 9. Future exploration: 180,000,000 rubbles will be required to increase the production to 100,000 tons a month."
Frank Love further states, "This week as a part of our urgent meetings, I spoke via teleconference with the Russian General in charge of this location, and the talk went well as I had hired a Russian/American to help interpret our dialogue. I will retain our Russian interpreter indefinitely."
Frank Love, also states, "One final note, I noticed that the short interest on JMCP has increased 1,694% since last month. Like a thief in the night, I will show absolutely zero mercy to naked short positions."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
CONTACT: Frank Love, Phone: (254) 458-0473 E-mail: frank.love@jmcpacquisitions.com Web site: http://www.jmcpacquisitions.com-a.googlepages.com/home
JMCP Acquisitions Corp.
CONTACT: Frank Love of JMCP Acquisitions Corp., +1-254-458-0473,frank.love@jmcpacquisitions.com
Web site: http://www.jmcpacquisitions.com/
Source: PRNewswire-FirstCall
Related Articles
- Tamm Oil Enters Into Share Exchange Agreement With Shareholders of Deep Well Oil & Gas
- Heinz Announces Preliminary Proxy Voting Results; Looks Forward With Confidence to Executing Its Plans to Increase Shareholder Value
- US look forward to homecoming in "K-Town"
- Daily Record Astrologer David Wells Takes a Look into the Future Andreveals What Lies Ahead for You in March
- Dr. Horst Schmid, President and CEO of Deep Well Oil and Gas Talks to The Wall Street Transcript
- Service Providers Can Look Forward to Busy Year
- Habanero In Final Negotiations on Potential Multi-Well Oil and Gas Prospect In Alberta, Canada
- Taiwan "Looks Forward to Better Ties With Japan" After Election
- Deep Well Oil & Gas Change of Auditors and Additional Corporate Information
- Aniston Looks Forward Past 'Friends'
 |
 |
User Comments (0)
RSS Feeds