Alamo Energy Corp. Provides Update on Goose Creek #4 Well Located on 493 Acres in Ritchie County, West Virginia
February 17 2011 - 9:00AM
Alamo Energy Corp. (OTCBB:ALME) is pleased to announce that
following the successful re-completion, the Goose Creek #4 has
commenced initial gas production.
The re-completion of the Goose Creek #4 well located on
approximately 493 acres targeted the upper shallow zones through a
two stage, 5,500 barrel slick water fracture using 50,000 lbs of
20/40 mesh sand.
Following the successful execution of the frac, the well has
been hooked up to the processing and metering facilities and has
commenced initial gas production.
We believe the total potential cumulative production from the
well may be as high as 20,000 barrels of oil equivalent. Alamo
Energy also has the option to participate in 12 re-completion and 4
drilldown wells across approximately 1,520.4 acres in West
Virginia. If exercised, the options will provide the company access
to drill up to 60 new wells in a secondary development phase.
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 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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