International TME Resources Inc. Announces Drilling Plans for the MEGA WEST PROJECT
Posted on: Thursday, 9 November 2006, 12:00 CST
International TME Resources, Inc., (OTC:ITME) reports that the geologic survey of its MEGA WEST PROJECT has been completed. Drill sites are being defined and a staff is being assembled to manage the project. The first phase of the drilling program is planned for January. The first phase will consist of drilling and coring two to four locations. Results will be evaluated and a more encompassing plan will be implemented. A professional team of engineers with years of heavy oil experience has been hired to implement the drilling and production plan.
The J.V. Group brings significant capital and exceptional technical expertise to the MEGA WEST PROJECT. The J.V. Group is accelerating all phases of the project.
The original joint venture was formed by International TME Resources, Inc. (ITME).
A total of 17,200 acres of land, more or less, has been acquired in the prospect MEGA WEST PROJECT AREA and additional leases are currently being acquired.
The current acreage position is projected to contain more 1.29 Billion Barrels of Oil recoverable.
The statements in the press release that relate to the company's expectations with regard to the future impact the company's results from acquisitions or actions in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements in this document may also contain "forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Since the information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.
For the Board Web site: www.tmeresources.com
Allen White, President Symbol: ITME
Source: Business Wire
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