RENO, Nev., Dec. 1, 2011 /PRNewswire/ -- Eagle Oil Holding
Company, Inc. (OTC: EGOH) (the "Company") today announced that it
has received confirmation that Questus Energy LLC ("Questus") its
Farmout Agreement partner, will be commencing field
development.
Questus will begin the reconditioning of the electrical grid
that had been damaged in past Texas wild fires, and will also service the
compliance requirements of the Texas Rail Road Commission that held
up production in the past.
The Agreement allows Questus to perform operations under the
Texas P4 and P6 "operators'
permission" to restore pumping. The electrical restoration
may take up to a week to conclude, but pumping can begin
immediately upon completion.
About Eagle Oil: Eagle Oil (EGOH) (www.eagleoilholdingco.com) is
an independent energy company in the active East Texas oil and gas region. The Company
owns a 73% working interest in 173 wells on its 927 acres located
in the Historic Woodbine Oil Field.
Statements in this press release that are not statements of
historical or current fact constitute "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown
risks, uncertainties and other unknown factors that could cause the
actual results of the Company to be materially different from the
historical results or from any future results expressed or implied
by such forward-looking statements. In addition to statements which
explicitly describe such risks and uncertainties, readers are urged
to consider statements labeled with the terms "believes," "should,"
"intends," "will," or "plans" to be uncertain and forward-looking.
The forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from
time to time in the Company's reports and registration statements
filed with the Securities and Exchange Commission.
Contact: Eagle Oil Holding Company, Inc. (209) 736-4530
Email: egvr@comcast.net
SOURCE Eagle Oil Holding Company, Inc.