SAN ANTONIO, Oct. 13, 2011 /PRNewswire/ -- Gulfmark Energy
Group, Inc. (OTCBB: GMEI) ("Gulfmark", the "Company") is
pleased to announce it has signed a non-binding letter of intent
(LOI) with Notre-Dame Capital, Inc. ("NDC") of Montreal, Quebec, Canada, to assist Gulfmark
Energy with the development of their Eagleford Shale assets.
Specifically, Gulfmark intends to drill vertically through the
Escondido, Olmos, San Miguel,
Austin Chalk and Eagleford Shale
formations, inclusive of horizontal drilling of approximately 3,000
to 4,000 feet upon reaching this impressive shale play.
"This financing will propel Gulfmark's footprint in the
Eagleford Shale play and provide the flexibility to execute on its
business plans while affording it the development opportunities
which currently exist in this prolific play. We have yet to assess
all of the undeveloped potential opportunities to expand our
operations utilizing horizontal wells with multi-stage fracturing
technologies. Multiple targets have been identified; however,
several other opportunities are currently under evaluation and
analysis. This financing will allow us to explore all
resources available in our current asset base," stated Michael Ward, President and CEO of Gulfmark
Energy.
Additional information will be forthcoming as developments
unfold.
Please visit the Company's website at
http://gulfmarkenergygroup.com for more information.
About Notre-Dame Capital, Inc.
Notre-Dame Capital is an exempt Market Dealer, licensed by the
Authorite des Marche Financiers, Quebec and operating in major Canadian
provinces. Our specialization is in the mining, oil & gas,
clean technology, internet technologies, agriculture, organic and
natural products and bio-technology sectors. We deal with
corporations, financial institutions and high net worth
individuals.
About Gulfmark Energy Group, Inc.
Gulfmark Energy Group, Inc. is focused on the acquisition,
exploration, drilling, development, production and sale of natural
gas, crude oil, and natural gas liquids, primarily from
conventional reservoirs within North
America. The Company intends to optimize its use of workover
and drilling equipment to develop its properties. Efforts are
currently concentrated in Western South
Texas.
Investor Contact :
Michael Ward, President &
CEO
210-524-9725
mward@gulfmarkenergygroup.com
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 oil and gas operations in 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.
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 proved
reserves that a company has demonstrated by actual production or
conclusive formation tests to be economically and legally
producible under existing economic and operating conditions. We use
certain terms in this press release, such as "probable,"
"possible," "recoverable" or "potential" reserves among others,
that the SEC's guidelines strictly prohibit us from including in
filings with the SEC. Investors are urged to consider closely the
disclosure in our filings with the SEC.
SOURCE Gulfmark Energy Group, Inc.