KKPT KoKo Petroleum Inc (CE)

KOKO Petroleum, Inc. (PINK SHEETS:KKPT) has now completed two wells. The wells have now been equipped for production. The first two days resulted in the recovery of water from the formation and the oil cut (percentage of oil to water) has now increased substantially. The water should be eliminated within a few days. Production tanks and separator are being installed. The drilling contractor has near completed the third well and has committed to drill eleven wells in succession over the next five weeks. This will complete the initial drilling stage of the polymer flood project. Core samples from the wells will be sent to the engineering firm in Denver, Colorado for analysis and recommendations as to the optimum recovery procedure. Subsequent to the engineering study, the injection equipment will be installed and the flood will commence. Ted Kozub, President stated that, "...the wells will produce without enhancement, however, the big upside that we are in pursuit of is that a successful injecting polymer flood would have a major impact on oil recovery..." Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications which may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. KOKO Petroleum, Inc. (PINK SHEETS:KKPT)