COUNTY LINE ENERGY CORP. (CYLC) ANNOUNCES ACQUISITION IN PROLIFIC PROVOST, ALBERTA
January 09 2013 - 7:51PM
OTC Markets
COUNTY LINE ENERGY CORP. (CYLC) ANNOUNCES ACQUISITION IN
PROLIFIC PROVOST, ALBERTA
January 8, 2013 – Las Vegas, NV – County Line Energy Corp. (CYLC),
an integrated junior oil and gas explorer, is pleased to announce
it has completed the acquisition of a 640 acre parcel of land
adjacent to the north east edge of the massive Provost Oil Pool
near Coronation, in East Central Alberta, called the Gillespie Lake
Property.
The Provost Field is a mature asset, with a history of producing
55milion cu.ft. of gas and 2,450 barrels of oil daily. Though
well developed with intensive infrastructure , Provost remains in a
primary phase of oil production and will remain so for the
foreseeable future.
Oil and gas production began in Provost in the 1970’s and has led
to tremendous growth in the area, positioning it as an industry
leader in providing skilled labor and industry
infrastructure. The Provost oil field is the second largest
producing field in Western Canada, surpassed only by the tar sands
of Fort McMurray.
The Gillespie Lake Property directly offsets the Provost "SPRK
POOL". Production is derived from both the Dina sand and
Sparky sandstone in the region.
County Line purchased a 100% interest (excepting a Crown Royalty
and a 4% GORR).
A comparable seismic model is available for comparison from a
existing producing well in the area. The company will review the
similarities with existing seismic information from the
Gillespie.
The Gillespie Lake Property
Management is very familiar with this area. Harry Bygdnes,
President of County Line commented on the potential of the purchase
stating, "We’ve long been bullish on Alberta’s oil prospects.
And the Provost continues to surprise. Just last year,
another junior reported a ten-fold increase in production from its
first vertical well frac. With today’s frac technologies,
it’s a very exciting time to be an oil man.”
About County Line Energy Corp. (CYLC):
(www.countylineenergy.com)
County Line Energy Corp. is an integrated junior oil explorer.
County Line not only owns, operates, and participates in oil
projects in the exploration phase, but also has developed and
markets proprietary 3 dimensional seismic data software, which was
created for one of its own projects in Alberta, 2007, to assist in
better determining drill targets.
Harry Bygdnes, President
County Line Energy Corp.
Forward-Looking Statements: This document contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934. All
forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the Company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set forth in the Company's SEC filings. These
risks and uncertainties could cause the Company's actual results to
differ materially from those indicated in the forward-looking
statements.
Contact:
County Line Energy Corp.
1.587.329.1459
www.countylineenergy.com
Capitol Financial Media
Investor Relations
1.877.225.8808
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