SPRING, Texas, Sept. 18, 2014 /PRNewswire/ -- True North
Energy Corporation ("True North") (OTC Pink: TNEN) today is pleased
to announce it received $50,000 in
new funding. Through its newly established wholly-owned subsidiary,
TN Energy, Inc. (the anticipated establishment of which was
described in a previous press release) has won an auction and
acquired a 0.051416% royalty interest in the producing wellbore of
the K Farm 9-18N-1W #1WH located in Section 9-T18N-R1W,
Payne County, Oklahoma. Operated
by Devon Energy Corporation of Oklahoma
City, Oklahoma. Over the past five (5) months, the
well has produced an average of approximately 116 barrels of oil
per day (BOPD) and 308,000 cubic feet per day of natural gas
(MCFPD).
About True North Energy Corporation
Traditionally, True North Energy Corporation has been engaged in
the identification, acquisition and development of oil and gas
properties and holds overriding royalty interests on properties
located in Colorado and
Texas. True North is headquartered
in Spring, Texas with a
wholly-owned Hong Kong subsidiary.
For further information about True North, please visit
www.tnencorp.com.
This press release may contain forward-looking statements,
including information about management's view of True North's
future expectations, plans and prospects. In particular, when used
in the preceding discussion, the words "believes," "expects,"
"intends," "plans," "anticipates," or "may," and similar
conditional expressions are intended to identify forward-looking
statements. Any statements made in this news release, other than
those of historical fact, about an action, event or development,
are forward-looking statements. These statements involve known and
unknown risks, uncertainties and other factors, which may cause the
results of True North, its divisions and concepts to be materially
different than those expressed or implied in such statements. The
forward-looking statements included in this press release are made
only as of the date hereof. True North cannot guarantee future
results, levels of activity, performance or achievements.
Accordingly, you should not place undue reliance on these
forward-looking statements. Finally, True North undertakes no
obligation to update these statements after the date of this
release, except as required by law, and also takes no obligation to
update or correct information prepared by third parties that are
not paid for by True North.
SOURCE True North Energy Corporation