Environmental Energy Services, Inc. (EESV) Announces Positive Results From First Natural Gas Well Drilling
Posted on: Wednesday, 30 November 2005, 15:00 CST
EL RENO, Okla., Nov. 30 /PRNewswire-FirstCall/ -- Environmental Energy Services, Inc. announced today positive results from drilling of its first natural gas well. Early logs from the geotechnical team indicate the Lansing Sands should have between 1.0 and 2.0 billion cubic feet of natural gas. The Keyes Sands also look promising with the final results to be announced by the end of next week. The return on investment for this well is significant.
"I am extremely excited about such positive results of our first natural gas well," stated A. Leon Blaser, EESV Chairman and CEO. "We intentionally chose to pursue a smaller well at first to get our feet wet. We are well-positioned to continue to have such success with our drilling operations."
Located outside of Keyes, Oklahoma, the drilling site consists of 64 acres.
About EESV
Founded in 2001, Environmental Energy Services, Inc. is an environmental resources company focused on Energy and Solid Waste Management, spear-heading those industries with a combination of recognized experience and patented cutting-edge technology. Currently based in El Reno, Oklahoma, EESV has locations and projects throughout North America.
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.
Environmental Energy Services, Inc.
CONTACT: Megan Geiss of Environmental Energy Services, Inc.,+1-208-342-0983, mgeiss@eesvinc.com
Source: PRNewswire-FirstCall
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