Kabe Exploration Letter to Shareholders
December 06 2013 - 8:00AM
Marketwired
Kabe Exploration Letter to Shareholders
SAN DIEGO, CA--(Marketwired - Dec 6, 2013) - Kabe Exploration
Inc. (OTCBB: KABX), (OTCQB: KABX)
Dear Shareholders,
The management team of Kabe Exploration is pleased to announce
that we have raised debt capital from institutional investors to
support the company's acquisition and development plans. We have
retained the services of independent contractors known in the
oilfield industry to identify specific producing oil opportunities
and are now conducting due diligence on several producing wells. We
are currently evaluating significant oil plays in Oklahoma and
Texas that have great current production. We have secured
investment commitments from several institutional investors
interested in helping us grow and strengthening our balance sheets
to sustain the company. As we approach 2014 we expect to see
significant growth and revenues to create shareholder value. We
believe that the best way to create shareholder value in the
upstream oil & gas business is by gaining access to new
resources. Every action we take, including our pending acquisition
of inexpensive oil and cash flow through the purchase of
non-operated working interest and turn-key producing fields is
meant to improve our ability to develop our Mississippian holdings
and to fulfill our three-year growth strategy.We are excited to see
the investment community show its support in joining forces with us
to build a great independent oil company.
About Kabe Exploration Inc.
Based in San Diego, California, Kabe Exploration Inc. is an oil
& gas exploration and development company that acquires mineral
rights in prolific shale plays for production.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that
involve a number of risks and uncertainties. Forward-looking
statements generally can be identified by the use of
forward-looking terminology such as "believes," "expects," "may,"
"will," "intends, "plans," "should," "seeks," "pro forma,"
"anticipates," "estimates," "continues," or other variations
thereof (including their use in the negative), or by discussions of
strategies, plans or intentions. A number of factors could cause
results to differ materially from those anticipated by such
forward-looking statements, including those discussed under "Risk
Factors" and "Our Business." Forward-looking statements are subject
to known and unknown risks and uncertainties and are based on
potentially inaccurate assumptions that could cause actual results
to differ materially from those expected or implied by the
forward-looking statements. Our actual results could differ
materially from those anticipated in the forward-looking statements
for many reasons.
Media Relations: Erik Ulsteen Contact: 858 699 1359 Email:
investorrelations@kabeexploration.com Website:
www.kabeexploration.com