Brenham Oil & Gas Corp. Acquires Ten Percent Working Interest in the Pierce Junction Oil Field in Houston, Texas
March 18 2013 - 11:58AM
Brenham Oil & Gas Corp., (OTCBB:BRHM) ("Brenham"), a majority
owned subsidiary of American International Industries, Inc.,
(OTCBB:AMIN) ("American"), today announced that it acquired a ten
percent working interest in the Pierce Junction Oil & Gas Field
in Houston, Texas.
Bryant Mook, Brenham's recently elected President, stated that
"the Pierce Junction field is one of the oldest and most prolific
fields in the Houston area. This field has been producing oil &
gas since 1921 and has produced over 104 million barrels of oil
since that time mostly from Miocene, Frio, and Vicksburg
reservoirs."
Brenham's asset acquisition includes eight producing wells with
an additional seven wells scheduled for mechanical work-over that
should add more oil reserves to Brenham. Additional offsetting
acreage can be developed by Brenham on a well by well basis to
produce additional oil reserves from several producing
horizons.
For more information regarding Brenham please visit its website:
http://www.brenhamoil.com/
Brenham Oil & Gas Corp. is an independent oil and gas
company engaged in the acquisition of petroleum resources. The
Company's focus is on coupling United States development/production
assets with international exploration in locations such as
Sub-Saharan Africa. Brenham's management team includes
experienced professionals from major oil and gas companies.
Forward-Looking Statements:
This press release may contain forward-looking statements,
including information about management's view of the Company's
future expectations, plans and prospects, within the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995 (the "Act"). All statements other than statements of
historical information provided herein may be deemed to be
forward-looking statements. Without limiting the foregoing, the
words "believes", "anticipates", "plans", "expects" and similar
expressions are intended to identify forward-looking statements.
Factors that could cause actual results to differ materially from
those that we may anticipate reflected by our subsidiaries'
operations include without limitations, growth in the energy sector
and in the oil and gas service industry, increased levels of
competition, new products and technology changes, and the market
for pipes, the rules of regulatory authorities and risks associated
with any potential acquisitions. Readers are cautioned not to place
undue reliance on these forward-looking statements, which reflect
management's analysis, judgment, belief or expectation only as of
the date hereof. Finally, the Company undertakes no obligation
to update these statements after the date of this release, except
as required by law, and also takes no obligation to update or
correct information prepared by third parties that are not paid for
by the Company.
CONTACT: Investor Relations:
Rebekah Ruthstrom
Tel: 281-334-9479
email: amin@americanii.com
American International I... (CE) (USOTC:AMIN)
Historical Stock Chart
From Nov 2024 to Dec 2024
American International I... (CE) (USOTC:AMIN)
Historical Stock Chart
From Dec 2023 to Dec 2024