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Sunset Island Group Acquires Oil and Gas Field

Posted on: Monday, 10 November 2008, 15:00 CST

Sunset Island Group (Pink Sheets:SIGO), announced today that it has signed the definitive contract to acquire several oil and gas leases in Southwest, Texas. The leases will cover approximately 26,000 acres in the Maverick Oil Basin.

"Based on the geology of the area, as well as the log data," commented Arnold Levine, Sunset Island Group CEO, "the wells that were previously drilled on our acreage are promising, and I anticipate that completing those wells will enable SIGO to begin oil or gas production shortly." Mr. Levine went on to say that, "Our geologists are optimistic that we are in the middle of a major, multi-zone oil and gas area. Of course, only time, and drilling, will tell."

Certain statements in this news release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management, including, but not limited to, the Company can successfully participate in such opportunities. Actual results may differ materially from those currently anticipated due to a number of factors beyond the reasonable control of the Company. Additional information on risks and other factors that may affect the business and financial results of the Company can be found in filings of the Company with the U.S. Securities and Exchange Commission.

Source: Business Wire

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