Alamo Commences Preparations to Complete the WVIC D-12 Well
February 14 2011 - 9:00AM
Alamo Energy Corp. (OTCBB:ALME), is pleased to report that
following the successful completion of the Goose Creek #4 well,
Alamo has commenced preparations to complete the WVIC D-12 well.
Preparatory work including the completion of an 8,000bbl
containment pit, installation of two 100bbl oil storage tanks and
delivery of 3,000 ft of production tubing and rods will minimize
the time to commence fracing operations but also the time to bring
the well online upon completion of a successful frac.
The WVIC D-12 well is located on the Eco Forrest Lease which
includes approximately 493 acres. Alamo's objective is to increase
oil production that started over two decades ago from the lower
Huron Shale.
This re-entry recompletion program is aimed at the Squaw, Lower
Big Injun, Upper Big Injun, Maxton and Devonian Shale formations
with a three-stage 8,000bbl frac. The land to resource ratio
enables 25-acre spacing, which we believe will allow for up to 14
additional wells.
Allan Millmaker, Chief Executive Officer, said, "Driven by the
results from our Appalachian Basin to date, we are accelerating our
investment in the area by undertaking back to back re-completions
as we continue our program in the region."
About Alamo Energy Corp.
Headquartered in London, England and with operational offices in
Houston, Texas, Alamo Energy Corp. (OTCBB:ALME) is an independent
company focused on the exploration, development and production of
onshore oil and gas reserves in the United Kingdom and United
States. The company's UK exploration program is focused on four
blocks spread over 400 square kilometers in an onshore oil and gas
province in South East England. Alamo's U.S. operations are focused
on the development of assets in Texas, Kentucky, Tennessee and West
Virginia. For more information visit www.alamoenergycorp.com
The Alamo Energy Corp. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=7619
Forward-looking Statements:
This press release contains forward-looking statements (as
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended)
concerning future events and the Company's growth and business
strategy. Words such as "expects," "will," "intends," "plans,"
"believes," "anticipates," "hopes," "estimates," and variations on
such words and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates that are inherently subject to significant uncertainties
and contingencies, many of which are beyond the control of the
Company. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that
could cause actual results to differ materially include, but are
not limited to, changes in the Company's business; competitive
factors in the market(s) in which the Company operates; risks
associated with operations outside the United States; and other
factors listed from time to time in the Company's filings with the
Securities and Exchange Commission. The Company expressly disclaims
any obligations or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in the Company's expectations with respect
thereto or any change in events, conditions or circumstances on
which any statement is based.
CONTACT: Alamo Energy Corp.
Investor Relations
Adam Holdsworth
+1 212-825-3210
ir@alamoenergycorp.com
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