Blaze Energy Corporation Announces a Total of 9 Fayetteville Shale Wells Connected to Pipeline for Production
Posted on: Monday, 10 March 2008, 15:00 CDT
Blaze Energy Corp. (PINKSHEETS: BLZE), a majority-owned subsidiary of Environmental Energy Services, Inc. (PINKSHEETS: EESV), announced today that three additional wells are producing, connected and flowing gas to the pipeline, bringing its new total of participating Fayetteville Shale wells up to nine.
"Given that our first participating well connected on December 24, 2007, and our wells are being drilled at a rate greater than one per week, with the rate accelerating, the management team at Blaze Energy is very pleased with the rapid progress being made in the Fayetteville Shale Play," said A. Leon Blaser, Chief Executive Officer of Blaze Energy. "Shareholders should know we expect this momentum to continue and production levels to increase throughout the year."
Blaze Energy Corporation will be releasing a detailed operations update in conjunction with a release from the operator of the field, as it becomes available for distribution to investors. This release is slated for mid-March.
About Blaze Energy
Blaze Energy Corp. (PINKSHEETS: BLZE) is a natural gas exploration and production company. Blaze Energy Corp. is primarily engaged in the Fayetteville Shale gas project in Arkansas, through working interest it owns in acreage blocks in Van Buren, Cleburne and Conway counties. Blaze Energy Corp. is a majority-owned subsidiary of Environmental Energy Services, Inc. (PINKSHEETS: EESV). 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 analyzes extensive, in-depth research to acquire hydrocarbon energy resources for development and production. Headquartered in Boise, Idaho, EESV through its various holdings and subsidiaries participates in projects and controls resources throughout North America. To learn more about EESV, please 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 both EESV and BLZE undertake no obligations to update or revise these forward-looking statements.
Media and Investor Contact: Ann Norman Norman Communications +1-917-546-9268 Email Contact
SOURCE: Blaze Energy
Source: MARKET WIRE
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