Trophy Resources, Inc. Announces R&W #1 Prospect Production Update
September 21 2006 - 8:55AM
Business Wire
Trophy Resources, Inc. (Pink Sheets:TRSI) is pleased to announce
that work on Phase 1 of their Southwest Texas prospect (R&W #1)
continues ahead of schedule with the hope of production to begin in
approximately one week. With the prospect of possible success so
close we will be uploading pictures of this well site and the work
in progress onto our web site (www.trophyoil.com) by end of
business Wednesday September 27th. We will also be encapsulating
samples of oil from this our first well. These samples will be made
available to our stock holders / subscribers on a first come first
serve basis upon this possible success. We will make this
information good or bad available at the earliest possible moment.
This Southwest Texas prospect encompasses multiple leases covering
an area over 600 acres. Development in the prospect is expected to
continue for the next 18 to 24 months. The Company anticipates
having more than twenty-five wells on-line in this period using a
combination of methods including re-entry work, new drilling and a
water flood program. About Trophy Resources Trophy Resources, Inc.
(www.trophyoil.com) is a publicly traded company dedicated to
building a diverse portfolio of high value, low risk energy and
mining projects. The Company's goal is to evaluate profitable
options, build a solid foundation of assets through acquisition of
land and/or leases, and explore and develop opportunities on these
leases. This release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. "Forward-looking statements" describe future
expectations, plans, results, or strategies and are generally
preceded by words such as "may," "future," "plan" or "planned,"
"will" or "should," "expected," "anticipates," "draft,"
"eventually" or "projected." You are cautioned that such statements
are subject to a multitude of risks and uncertainties that could
cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including
the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors, and other risks. Trophy Resources, Inc. is an exploration
with limited experience in the oil and gas industry. At the time of
this release Trophy Resources lacks the financial capabilities to
meet its financial obligations and its management expects to dilute
the company's shares to raise the necessary operating capital.
Based upon industry standards Trophy would be considered highly
speculative and lacks any competitive advantage over its
competition. Additional risks you should consider, this list is
limited and additional risk not mentioned may apply: failure to
meet Trophy's financial and contractual obligations, Trophy's
managerial errors made based upon the Company's limited experience
and knowledge of the industry, commodity risk, acts of God and
regulatory risk. You should consider these factors in evaluating
the forward-looking statements included herein, and not place undue
reliance on such statements.
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