| 08-31-2007 04:00 PM CET - Business, Economy, Finances, Banking & Insurance |
|
Texas Energy News - Natural Gas And Oil Growth Stock Company Acquires Texas Proven Natural Gas Reserves
Press release from: 1ST Texas Natural Gas Company
PR Agency: Emerge News
(openPR) - HOUSTON, TEXAS – September 3, 2007 -- Texas energy growth stock company, 1st Texas Natural Gas Company (Stock symbol: FTXN), has completed the acquisition of 208 natural gas leases in the Permian Basin of Texas. This gives the Texas energy natural gas production company a portfolio of gas drilling leases with proven and recoverable gas reserves valued at over $650 million. The estimated life of FTXN natural gas properties is over 30 years duration.
You can visit the First Texas Natural Gas corporate web site at:
www.1stTexasNaturalGas.com
Stock investment summaries, quotes and a 1st Texas Natural Gas Company (Stock symbol: FTXN) Research Report issued by a leading stock analysis company can be found at www.emergenews.com/ftxn.htm .
Three natural gas wells have been drilled since March 2007 with 100% success. The wells are located near 2 major Texas natural gas transportation pipelines. Natural gas is currently selling at $ 6.25 per cubic foot. 1st Texas Natural Gas Company natural gas commands a premium at $7 per cubic foot or better.
The company plans on having a total of 15 wells in production by the end of 4Q07 and over 30 in 2008.
New President and Chief Executive Officer, Jim Dial, has over 25 years of oil and natural gas energy experience.
Regarding the company’s strong natural gas production growth Mr. Dial said:
“We have a simple game plan: Drill, Drill and then DRILL some more. I have never believed in wildcat exploration. I believe that the best opportunities are in proven reserves. We have the right team in place to get the job done."
1st Texas Natural Gas (FTXN) is a growing Texas energy company focused on the production of natural gas and oil from historic and technically proven reserves in US fields including Permian Basin natural gas fields in the Ozona, Texas and Midland, Texas areas.
Currently every 4 weeks a new natural gas well is brought online by 1st Texas Natural Gas. They currently have no exploration, international or offshore oil and gas energy sector associated risks.
Notice: This report is for informational purposes only. All data was obtained from information available on the Internet. No part is to be considered stock solicitation or an offer to buy or sell securities. No investment advice of any kind is to be inferred. This news release may contain "forward looking statements" as defined by SEC regulations. Actual results may differ materially.
Princeton Research, Inc.
Mike King (702) 650 – 3000
3887 Pacific Street
Las Vegas, NV 89121
mike@princetonresearch.com
www.1sttexasnaturalgas.com
www.emergenews.com/ftxn.htm
1st Texas Natural Gas Company, Inc.
Bentley Communications
Trevor Bentley,
888-818-8738
bentleycomm@gmail.com
Emerge News - Featuring high return stock investment information on emerging growth investments in the news.
You can visit the First Texas Natural Gas corporate web site at:
www.1stTexasNaturalGas.com
Stock investment summaries, quotes and a 1st Texas Natural Gas Company (Stock symbol: FTXN) Research Report issued by a leading stock analysis company can be found at www.emergenews.com/ftxn.htm .
Three natural gas wells have been drilled since March 2007 with 100% success. The wells are located near 2 major Texas natural gas transportation pipelines. Natural gas is currently selling at $ 6.25 per cubic foot. 1st Texas Natural Gas Company natural gas commands a premium at $7 per cubic foot or better.
The company plans on having a total of 15 wells in production by the end of 4Q07 and over 30 in 2008.
New President and Chief Executive Officer, Jim Dial, has over 25 years of oil and natural gas energy experience.
Regarding the company’s strong natural gas production growth Mr. Dial said:
“We have a simple game plan: Drill, Drill and then DRILL some more. I have never believed in wildcat exploration. I believe that the best opportunities are in proven reserves. We have the right team in place to get the job done."
1st Texas Natural Gas (FTXN) is a growing Texas energy company focused on the production of natural gas and oil from historic and technically proven reserves in US fields including Permian Basin natural gas fields in the Ozona, Texas and Midland, Texas areas.
Currently every 4 weeks a new natural gas well is brought online by 1st Texas Natural Gas. They currently have no exploration, international or offshore oil and gas energy sector associated risks.
Notice: This report is for informational purposes only. All data was obtained from information available on the Internet. No part is to be considered stock solicitation or an offer to buy or sell securities. No investment advice of any kind is to be inferred. This news release may contain "forward looking statements" as defined by SEC regulations. Actual results may differ materially.
Princeton Research, Inc.
Mike King (702) 650 – 3000
3887 Pacific Street
Las Vegas, NV 89121
mike@princetonresearch.com
www.1sttexasnaturalgas.com
www.emergenews.com/ftxn.htm
1st Texas Natural Gas Company, Inc.
Bentley Communications
Trevor Bentley,
888-818-8738
bentleycomm@gmail.com
Emerge News - Featuring high return stock investment information on emerging growth investments in the news.
News-ID: 27079
|
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR.
openPR disclaims liability for any content contained in this release.
Please set a link in the press area of your homepage to this press release on openPR.
openPR disclaims liability for any content contained in this release.
© openPR 2012 | Imprint
More Releases from
1ST Texas Natural Gas Company
No further reports available
Comments about openPR
OpenPR is clearly structured and remains true to its principle of confining itself to the essential parts.
OpenPR has proven to be a very good and reliable partner to our media agency:
Within the shortest time the releases are online and go down well with the media representatives.
The success of OpenPR is reflected in the steadily increasing number of press releases.
It is good that OpenPR exists!
Ursula Koslik,Director Marketing & PR, F+W Hamburg
OpenPR has proven to be a very good and reliable partner to our media agency:
Within the shortest time the releases are online and go down well with the media representatives.
The success of OpenPR is reflected in the steadily increasing number of press releases.
It is good that OpenPR exists!
Ursula Koslik,Director Marketing & PR, F+W Hamburg