Topaz Resources Provides Industry Update
November 26 2010 - 2:40PM
Marketwired
Topaz Resources, Inc. (OTCBB: TOPZ) is pleased to provide an update
regarding the Company's continued commitment to exploration and
production of natural gas as part of developing a balanced
portfolio of oil and gas properties.
The Powell Barnett Shale Newsletter recently has reported total
natural gas production in the North Texas Barnett Shale has passed
a milestone level of 8 trillion cubic feet. The area continued to
produce more than 5 billion cubic feet per day in the first eight
months of this year, despite a steep decline in drilling since gas
prices crashed in the latter half of 2008.
The report also stated, "Natural gas will be the clean-burning
fuel ... which the United States will use as its primary energy in
the decades to come. This will drive up the price and increase
production of natural gas everywhere, as it is also good for the
environment as compared to oil and coal."
Topaz is pleased with this positive news as it supports the
goals and objectives of the Company going forward, which will
include announcements during December of additional acquisitions of
Barnett Shale gas and oil properties and partnerships.
About Topaz Resources
Topaz Resources is an independent oil and gas company focusing
on production, acquisitions and developmental drilling
opportunities within proven producing areas of north, central and
west Texas. The Company's website can be found at
www.topazresourcesinc.com.
Notice Regarding Forward-Looking
Statements
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, the
development, costs and results of our exploration program at our
properties and any anticipated future production. Actual results
could differ from those projected in any forward-looking statements
due to numerous factors. Such factors include, among others, the
inherent uncertainties associated with petroleum exploration and
development stage exploration companies. These forward-looking
statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe
that the beliefs, plans, expectations and intentions contained in
this press release are reasonable, there can be no assurance that
such beliefs, plans, expectations or intentions will prove to be
accurate. Investors should consult all of the information set forth
herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-K for the most recent
fiscal year, our quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
Contact: Natalie Bannister Investor Relations 573.631.2193
azureriviera@gmail.com
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