Topaz Resources to Acquire Dark Horse Operating Co., LLC
December 08 2010 - 7:44AM
Marketwired
Topaz Resources, Inc. (OTCBB: TOPZ) today announced that as part of
its consolidation, it is acquiring Dark Horse Operating Co., LLC,
which is a well established operating company in the North, Central
and West Texas regions.
Dark Horse has undertaken complete operations for the drilling
of more than 30 Barnett wells, from costing to preparation of AFEs
and permitting through to drilling, completion and operating
thereof. Dark Horse is the operator for Topaz's activities in both
the oil and gas legs of the Barnett shale. Dark Horse also is the
operator of, and is handling the work over program and the drilling
of three wells, both recently announced by Topaz for its North
Texas shallow oil project, which comprises 543.69 acres with a
history of proved producing oil wells, located in Wichita County in
North Texas.
The effective date of the acquisition has been set as December
31, 2001.
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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