Enterra Corporation Acquires 11 Producing Leases on 791 Acres in Texas
February 13 2014 - 1:15PM
Marketwired
Enterra Corporation Acquires 11 Producing Leases on 791 Acres in
Texas
SAN ANTONIO, TX--(Marketwired - Feb 13, 2014) - Enterra
Corp. (OTC Pink: AUMY) is pleased to announce the acquisition of a
95% working interest in 11 oil and gas leases, comprising
approximately 791 acres, in the State of Texas.
There are 48 oil wells that have been re-worked, and 16 slated for
re-work. The wells are producing approximately 60 barrels of
oil per day.
The company has also prepared a website, which will be released
soon. It will contain additional information on this field,
including production reports for the months of May to December 2013
which have been filed with the Texas Railroad Commission, the
regulator for oil and gas activity in the State of Texas.
Some of the statements contained in this press release are
forward-looking statements and information within the meaning of
applicable securities laws. Forward-looking statements and
information can be identified by the use of words such as
"expects," "intends," "is expected," "potential," "suggests" or
variations of such words or phrases, or statements that certain
actions, events or results "may," "could," "should," "would,"
"might" or "will" be taken, occur or be achieved. Forward-looking
statements and information are not historical facts and are subject
to a number of risks and uncertainties beyond the company's
control. Actual results and developments are likely to differ, and
may differ materially, from those expressed or implied by the
forward-looking statements contained in this news release.
Accordingly, readers should not place undue reliance on
forward-looking statements. The Company undertakes no
obligation to update publicly or otherwise revise any
forward-looking statements, except as may be required by law.
Contact: Tom Gouger Tgouger@satx.rr.com
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