Brighton Oil &Amp; Gas, Inc. Announces Reverse Split Record Date
Brighton Oil & Gas, Inc. (OTCBB: BOGS) (“Brighton” or “The Company”), an oil and gas producer, on October 23, 2007 announced a reverse split of 1 for 10 on its common stock. The reverse split will become effective at the start of business on December 12, 2007. The new symbol for Brighton will be (OTCBB: BROG).
The Company continues to review various opportunities in the oil and gas business and will announce any major developments as they occur.
About Brighton Oil & Gas, Inc.
Brighton Oil & Gas, Inc. is an oil and gas company with a focus on Texas and Foreign oil and gas prospects and properties. Brighton is careful to develop a thorough drilling plan using advanced technologies in both mapping and the use of 3D seismic reports and information. Brighton trades under the ticker symbol BOGS.OB and will change to BROG.OB on December 12, 2007. For more information on the Company, visit http://www.Brightonoil.com.
This Press Release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement identified by the words “expects,”"intends,”"projects,”"plans,” or similar phrases may be deemed “forward-looking statements.” Although Brighton Oil & Gas, Inc. believes that the expectations reflected in such forward-looking statements are reasonable, these statements involve risks and uncertainties that may cause actual future activities and results to be materially different from those suggested or described in this press release. These include risks inherent in the drilling of oil and natural gas wells, including risks of fire, explosion, blowout, pipe failure, casing collapse, unusual or unexpected formation pressures, environmental hazards, and other operating and production risks inherent in oil and natural gas drilling and production activities, which may temporarily or permanently reduce production or cause initial production or test results to not be indicative of future well performance or delay the timing of sales or completion of drilling operations; risks with respect to oil and natural gas prices, a material decline in which could cause the Company to delay or suspend planned drilling operations or reduce production levels; and risks relating to the availability of capital to fund drilling operations that can be adversely affected by adverse drilling results, production declines and declines in oil and gas prices and other risk factors.
Contact: Charles Stidham 972-450-5995
SOURCE: Brighton Oil & Gas