Triton American Energy Remains on Schedule for Production of Well Numbers 30 and 35
Posted on: Monday, 23 October 2006, 06:00 CDT
Triton American Energy Corp. (PINKSHEETS: TRAE), provider of natural gas and crude oil, is pleased to report they remain on schedule for production of well numbers 30 and 35. Horizontal jet drilling of well number 30 is complete and will be connected to a Thermal Pulse Unit (TPU) by Friday. Thermal Pulse Units are designed to extract and separate fluids from well bores for maximum revenue generation. Anticipated date of production for both wells is one week.
Triton American Well Service, LLC (TAWS) has recently cleaned wells number 11 and 34. Horizontal jet drilling will commence by Friday. It is anticipated all four wells (11, 30, 34 and 35) will be connected to the TPU by end of month. These wells are located on the northeast corner of the Blackwell Lease. During this time, TAWS will continue to complete the remaining 8 wells.
President and CEO, Louis Guidry states, "This is an exciting time for our company. When removing pipes from horizontal operations, wells number 30 and 35 indicated strong oil shows. We look forward to similar results from wells number 11 and 34 in the next three weeks. Mr. Guidry continued to state, "The energy we provide is for America from America."
For more information, please contact Investor Relations at (973) 351-3868 for Stephen Taylor or visit our website at: www.tritonamericanenergycorp.com
About Triton American Energy Corporation:
Triton American Energy is an independent crude oil and natural gas and oil exploration and production company based in Houston, Texas. The company's business plan is structured to take advantage of today's rising energy cost, while reducing as much financial risk as possible. Tritons niche or specialty are the small to moderate operations (usually 1-50 well projects). These wells can be worth hundreds of millions of dollars in revenue but require more hands-on attention then the major producers are willing to give.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Business Wire
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