Czech Republic Resource Corp. in Negotiations
April 19 2010 - 8:00AM
Marketwired
Czech Republic Resource Corp. (PINKSHEETS: CZHC), an energy company
engaged in the acquisition, exploration, and development of
properties for production of crude oil and natural gas, is proud to
announce today it has entered in negotiations.
The Company is currently in negotiations with Jedi Energy
Partners, LLC to drill multiple wells in the West Texas area. Jedi
Energy Partners currently have several leases that have been tied
up and have built a partnership with the Driller/Operator in the
area. They have drilled over 135 wells in West Texas and have over
35 years' experience. These prospects are considered in field which
mean they are older fields that have produced at one time or
another.
This opportunity would put the Company in position to be an
important player in the Oil & Gas market in Texas.
To Learn More About Czech Republic Resource Corp., Please Visit:
http://www.czechresource.com/
This press release may contain forward-looking statements
covered within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements relate to,
among other things, plans and timing for the introduction or
enhancement of our services and products, statements about future
market conditions, supply and demand conditions, and other
expectations, intentions and plans contained in this press release
that are not historical fact and involve risks and uncertainties.
Our expectations regarding future revenues depend upon our ability
to develop and supply products and services that we may not produce
today and that meet defined specifications. When used in this press
release, the words "plan," "expect," "believe," and similar
expressions generally identify forward-looking statements. These
statements reflect our current expectations. They are subject to a
number of risks and uncertainties, including, but not limited to,
changes in technology and changes in pervasive markets.
Contact: Jara Meger +420.220.571.134