Alamo Provides KYTX Completion Program Update
July 07 2011 - 9:00AM
Alamo Energy Corp. (OTCBB:ALME) is pleased to provide an update to
its completion program on its KYTX Kentucky wells.
As part of a 25 well completion program, Alamo has undertaken an
initial 7 completions on 4 wellbores targeting the Devonian Shale
and Big Lime formations utilizing the company's in-house workover
capability and specialist service companies.
The completions were conducted on budget and on time with
initial indications that results are inline with expectations. The
wells are now in the process of being cleaned up and connected into
the pipeline system to commence production from the wells.
Allan Millmaker, Chief Executive Officer, commented: "We are
pleased with the initial 7 completions. We are analyzing the
results before continuing with the completion of the remaining
wells."
About KYTX Group of Companies.
The KYTX group of companies are wholly owned subsidiaries of
Alamo Energy Corp and are located in Knox County, Kentucky in the
Appalachian basin. The companies are KYTX Oil & Gas, KYTX
Pipeline, and KYTX Drilling Company. Together, they contain 71
wells located on 6,540 acres, a 23-mile strategic pipeline network
capable of handling up to 9,000,000 cubic feet of gas per day
connected into the Delta system and one drilling rig, one service
rig and associated well-servicing equipment.
About Alamo Energy Corp.
Headquartered in London, England and with operational offices in
Knox County, Kentucky and 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; risks
associated with oil and gas operations; 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.
Cautionary Note to U.S. Investors - The United
States Securities and Exchange Commission permits oil and gas
companies, in their filings with the SEC, to disclose only reserves
that comply with the definitions presented at Rule 4-10(a) of
Regulation S-X. We use certain terms in this press release that the
SEC's guidelines strictly prohibit us from including in filings
with the SEC. Examples of such disclosures would be statements
regarding "probable," "possible," or "recoverable" reserves among
others. U.S. Investors are urged to consider closely the disclosure
in our Form S-1, File No. 333-169609, available from us at 10497
Town & Country Way, Suite 820, Houston, Texas, 77024, United
States of America.
CONTACT: Alamo Energy Corp.
Philip Mann
+1 832-436-1832
ir@alamoenergycorp.com
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