United Hunter Oil & Gas Announces Release of the Environmental Impact Report for the Mankin Ranch Project, California and Upd...
June 28 2011 - 2:33PM
Marketwired
United Hunter Oil & Gas Corp. (TSX VENTURE: UHO) ("UHO" or the
"Corporation"), is pleased to announce that the San Luis Obispo
County Planning and Building Department has released the Draft
Environmental Impact Report (DEIR) on the Mankin Ranch Project
(Huasna) in California for a public review period as required by
the California Environmental Quality Act. Interested parties can
provide comments on the environmental document until August 5th.
The comments will then be addressed by the County's consultants
creating the Final Environmental Impact Report (FEIR). The FEIR has
been tentatively scheduled by the County to be in front of the
Planning Commission on November 10th. The FEIR will then be
presented to the San Luis Obispo Board of Supervisors for the final
ruling on the Project Permit.
The Company has acquired 91 miles of seismic data from
ConocoPhilips which is currently being reprocessed and evaluated
for additional upside and development of the Porter Ranch leases.
This lease consist of a total of 9051 acres within the Huasna
Basin, California and are jointly held by Alamo Creek Oil LLC
(Alamo) UHO, Mankins Ranch partner Australian Oil Company and CALOG
LLC (wholly owned subsidiary of AOC). This lease was last explored
in the 1980's by Philips Petroleum Company (PPC) who successfully
completed one well and had planned an extensive program for the
area. This project was terminated by PPC when they decided to
withdraw from California completely.
United Hunter is also very pleased to announce that the Atlee
Buffalo 5-20 well, that was placed on production in the 1st quarter
of 2011, has produce 1429 barrels of oil and is currently still
producing at 27 barrels of oil per day. Due to the success of this
well, United Hunter is preparing to complete a number of additional
wells in this pool. The additional production from these new wells
is anticipated to be producing by the 3rd quarter of 2011.
At Leduc, Alberta, Canada the United Hunter 7-22 well that was
completed under the MEC farm-in agreement is currently being tied
in and production test results are expected next month.
United Hunter Oil & Gas Corp is a Canadian based corporation
with management very experienced in the oil and gas industry and
has projects in California. United Hunter Oil & Gas Corp. is
publicly traded on TSX Venture Exchange (TSX VENTURE: UHO).
Additional information may be found at
http://www.unitedhunteroil.com and the Corporation's public filings
may be found at http://www.sedar.com.
Certain statements contained in this press release constitute
"forward-looking statements" as such term is used in applicable
Canadian and US securities laws. These statements relate to
analyses and other information that are based upon forecasts of
future results, estimates of amounts not yet determinable and
assumptions of management.
Any statements that express or involve discussions with respect
to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or are not statements of
historical fact and should be viewed as "forward-looking
statements". Such forward looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Corporation to
be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. Such risks and other factors include, among others,
costs and timing of exploration and production development,
availability of capital to fund exploration and production
development; political, social and other risks inherent in carrying
on business in a foreign jurisdiction, the effects of a
recessionary economy and such other business risks as discussed
herein and other publicly filed disclosure documents. Although the
Corporation has attempted to identify important factors that could
cause actual actions, events or results to differ materially from
those described in forward-looking statements, there may be other
factors that cause actions, events or results not to be as
anticipated, estimated or intended. There can be no assurance that
such statements will prove to be accurate as actual results and
future events could vary or differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking statements contained in
this news release.
Forward-looking statements are made based on management's
beliefs, estimates and opinions on the date the statements are made
and the Corporation undertakes no obligation to update
forward-looking statements and if these beliefs, estimates and
opinions or other circumstances should change, except as required
by applicable law.
This news release contains forward-looking statements based on
assumptions, uncertainties and management's best estimates of
future events. When used herein, words such as "intended" and
similar expressions are intended to identify forward-looking
statements. Forward-looking statements are based on assumptions by
and information available to the Corporation. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties. Actual results may differ materially from those
currently anticipated. The forward-looking statements contained
herein are expressly qualified by this cautionary statement.
The TSX.V Venture Exchange does not accept responsibility for
the adequacy or accuracy of this release.
Contacts: United Hunter Oil & Gas Corp. Dr. Arthur Halleran
CEO (403) 667-4941 ahalleran@unitedhunteroil.com Brisco Capital
Partners Scott Koyich President (403) 262-9888
skoyich@briscocapital.com Brisco Capital Partners Graeme Dick BMgmt
(403) 561-8989 graeme@briscocapital.com
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