International TME Resources Reports on Recent Activity
March 14 2011 - 9:45AM
Business Wire
Int’l TME Resources (OTC:ITME), is pleased to report that it has
entered into a contract with a private company to acquire a 50%
Working Interest in a 6.7 million acre oil and gas permit located
in the onshore Georgina Basin in Queensland Australia. Satisfaction
of the requirements for the issuance of the permit is now in
progress.
The Permit area contains the Arthur Creek Shale which is
geologically superior to the Bakken Shale. The Williston Basin
Bakken Shale play is now the largest oil play in the United States.
Reserves have recently been estimated as high as 24 Billion barrels
of oil.
A recent Petroleum Consultants Report for the Georgina Basin
Arthur Creek Shale indicates oil reserves substantially greater
than the Bakken Shale in the Williston Basin.
For the Board
Allen White, President
International TME Resources Inc.6370 L.B.J. FRWY., Suite
174Dallas, TX 75240972.458.7013
Symbol: ITMEWeb: www.tmeresources.com
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.