Blaze Energy Corporation (BLZE), a Subsidiary of Environmental Energy Services, Inc. (EESV) Finalizes Payment of $1.2 Million to Drill Its First Two Wells in the Fayetteville Shale
BOISE, Idaho, July 2 /PRNewswire-FirstCall/ — Blaze Energy (Pink Sheets: BLZE) today announced that it has made payment of $1.2 million and has completed its last financing step required for drilling to commence in its first two Fayetteville Shale Wells. Blaze Energy’s first two wells are located in the heart of the recognized “fairway” of the Fayetteville Shale play. Specifically, the first two wells scheduled to be drilled are the Gunn Well (#1-19H) and the Henry Well (#1-30H). Drilling remains scheduled to begin on or about August 1st.
Many experts consider the Fayetteville Shale natural gas play in Arkansas an extension of the successful Barnett Shale gas structure in the Fort Worth Basin in Texas. More information can be found at Blaze Energy’s website.
About Blaze Energy:
Blaze Energy is a natural gas exploration and production company actively engaged in the Fayetteville Shale gas project in Arkansas. Blaze Energy is an active partner in significant prospective acreage blocks in Van Buren, Cleburne and Conway counties. For more information please visit http://www.blazeenergy.net/.
Blaze Energy is a majority-owned subsidiary of Environmental Energy Services, Inc. (Pink Sheets: EESV). More information about EESV can be found on its website, http://www.eesvinc.com/.
About EESV:
Environmental Energy Services, Inc. (Pink Sheets: EESV) is an independent oil and gas exploration and production company. It combines patented, cutting-edge technology and research with Monte Carlo simulation-type analysis to acquire almost exclusively hydrocarbon energy resources for development and, ultimately, production. With its corporate headquarters located in Boise, Idaho, EESV through its various holdings and subsidiaries, participates in and/or controls resources and projects throughout North America. The company’s website address is http://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 EESV undertakes no obligation to update or revise these forward-looking statements.
Blaze Energy Corporation, Inc.
CONTACT: Mike Thompson, President of Blaze Energy Corporation, Inc.,+1-208-287-4471, mthompson@blazeenergy.net
Web site: http://www.blazeenergy.net/http://www.eesvinc.com/