Eagle Oil Holding Company, Inc. (Pink Sheets: EGOH) announced today that it has concluded a new drilling study to further develop the W. H. Siler Lease in East Texas. The program will incorporate the new technologies that use “directional” drilling or “radial” drilling being offered as solutions for older field development in the industry. The program is being geared for use in the less developed East side of the field, with startup in mid 2011.
About Eagle Oil Holding Company
Eagle Oil (EGOH) (www.eagleoilholdingco.com) is an independent, growth-oriented energy company engaged in the exploration and production of oil through the development of a repeatable, low geological risk, high potential project in the active East Texas oil and gas region. The Company owns a 78% working interest in 173 wells on its 927 acres located in the Historic Woodbine Oil Field. Engineering reports show that Eagle Oil’s East Texas field contains over 12,000,000 barrels of recoverable oil.
Statements in this press release that are not statements of historical or current fact constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of the Company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms “believes,” “should,” “intends,” “will,” or “plans” to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company’s reports and registration statements filed with the Securities and Exchange Commission.
|Eagle Oil Holding Company, Inc., Brian Wilmot, President, 209-736-4530|
Tagged with: (Pink Sheets: EGOH) • Eagle Oil Holding Company • East Texas • Energy industry • Forward (association football) • Inc. • PinkSheets • Private Securities Litigation Reform Act • Risk • Texaco • U.S. Securities and Exchange Commission
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