Blaze Energy Begins Drilling
Posted on: Thursday, 4 October 2007, 09:00 CDT
Blaze Energy Corp. (PINKSHEETS: BLZE), a majority-owned subsidiary of Environmental Energy Services, Inc. (PINKSHEETS: EESV), announced today that drilling began in the Fayetteville Shale play in late September.
Blaze Energy is an independent oil and gas exploration and production company. Its principle asset is in the Fayetteville Shale natural gas play, where it participates in over 45,000 gross acres of exploration. Blaze Energy believes that the Fayetteville Shale field represents one of the most promising unconventional gas finds in the United States.
"We are extremely excited and pleased that we have begun drilling on our first well in the Fayetteville Shale play," said Dr. A. Leon Blaser, CEO of Blaze Energy. "We expect to see significant positive results from this well and others we have planned in the area."
Blaze Energy will release the results of the first well as they become available. The operator of the field is analyzing core samples as drilling continues, which will delay the release of results of this first well. Results regarding future wells are not expected to take as long as the first well.
About Blaze Energy
Blaze Energy (PINKSHEETS: BLZE) is a natural gas exploration and production company actively engaged in the Fayetteville Shale gas project in Arkansas, through working interests that it owns in acreage blocks in Van Buren, Cleburne and Conway counties. For more information please visit www.blazeenergy.net.
About Environmental Energy Services, Inc. (EESV)
Environmental Energy Services, Inc. (PINKSHEETS: EESV) is an independent oil and gas exploration and production company. It acquires hydrocarbon energy resources for development and production. Headquartered in Boise, Idaho, EESV, through its holdings and subsidiaries, has resources and projects throughout North America. For more information visit www.eesvinc.com.
This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 relating to matters such as prospects, anticipated operating and financial performance. Actual prospects and performance may differ from anticipated results due to economic conditions and other risks, uncertainties and circumstances partly or totally outside the control of the company, including risks of production variances from expectations, market volatility, the level of capital expenditures required to fund ongoing drilling initiatives and the ability of the company to execute its business strategy. These and other risks are described in the company's reports filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this communication and EESV undertakes no obligation to update or revise these forward-looking statements.
Media and Investor Contact: Ann Norman Norman Communications +1-310-927-5158 Email Contact
SOURCE: Blaze Energy Corporation
Source: MARKET WIRE
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