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NewsBot Date: January 18, 2006 11:16:10 AM
GAPJ Golden Apple, Stock Message Board, News, DD, Quote
Golden Apple Oil and Gas, Inc. Secures Financing
PHOENIX, Jan. 13, 2006 (PRIMEZONE) -- Golden Apple Oil and Gas, Inc. (Pink Sheets:GAPJ message board) is pleased to announce that it has secured the first $100,000.00 placement as they finalize arrangements for additional financings.
This is the first of many financings which the company has scheduled, according to the company's Chief Financial Officer.
"Our strategic financing plan sets out a series of small to mid size financings from multiple investor groups," explained Jay Budd, Company President and CEO. "We are careful to set our investment expectations at a reasonable level, and we have designed a program which allows us to diversify our investor base over a larger audience," Budd went on to say.
The company is planning additional announcements regarding Directors, Advisors and Management in the next few days, according to company officials. "We will be disclosing information to our shareholders and the public regarding additional asset acquisitions, in real time," quoted Mr. Budd.
Golden Apple Oil and Gas, Inc. Announces the Implementation of Geophysical Testing Planned for Cookshire Property
PHOENIX, Jan. 10, 2006 (PRIMEZONE) -- Golden Apple Oil and Gas, Inc. (Pink Sheets:GAPJ) is pleased to introduce the use of Geophysical testing for its Cookshire Property. "Implementing the use of a "state-of-the-art" gravity meter, in conjunction with seismic and soil testing, will increase the company's ability to strike reserves," according to Jay Budd, company president.
The company plans to sub-contract the Geophysical Gravity Testing to Neozoic Geophysical Survey, Ltd of Texas. The Affinity System 2000 is a proprietary system owned by the firm in Texas.
The Affinity System 2000 is completely automatic: elevation, temperature, atmospheric pressure and vibration are all automatically compensated accurately.
Up to 25 linear miles can be surveyed per eight hour day, making the use of the technology cost effective.
Golden Apple Oil and Gas, Inc. has reviewed many letters of recommendation from satisfied customers who have used the Affinity System 2000 for detection of hydrocarbon accumulation.
The company plans on meeting with its geologist to arrange for a suitable time for testing and to identify the anticipated results from previous testing completed in the area.
"Based on the success of other Oil and Gas companies working in the area, we are very excited about our potential in Cookshire," Mr. Budd stated.
Golden Apple Oil and Gas, Inc. Announces Additional Testing Planned for Cookshire Property
PHOENIX, Jan. 6, 2006 (PRIMEZONE) -- The management team of Golden Apple Oil and Gas, Inc. (Pink Sheets:GAPJ) are pleased to announce the company's plans for testing during the first quarter of 2006.
"Our plans for testing are based on the results of previous testing on our site," stated Jay Budd, President and CEO of Golden Apple. "With the completion of additional testing, we will limit our downside exposure, and enhance our ability to drill production wells," Budd went on to say.
The company's Cookshire property has already received positive results from earlier testing, conducted by Quantex Inc, of Quebec. Figures show the IR testing of the extract sample after the evaporation of the solvent. The major absorption peaks are at about 2920, 2848, 1462, and 722 cm, and are characteristic of regular hydrocarbon chains with CH groups. Additional sample testing conducted by SGS Canada Inc. of Montreal Quebec produced a "detected" result indicating petroleum in the soil.
"Based on the original test results, we are very confident that we will produce the anticipated drilling results, with the additional testing planned for the first quarter of 2006," stated Budd.
The company plans on introducing the use of the Affinity System 2000 gravity based geophysical survey. Seismic Testing will follow in the early spring of 2006.
Golden Apple Oil and Gas, Inc. Announces Benefits for Shareholders
PHOENIX, Nov. 17, 2005 (PRIMEZONE) -- The Investor Relations Department of Golden Apple Oil and Gas, Inc. (Pink Sheets:GAPJ) is pleased to announce the completion of Phase 2 of the company's web presence.
"Our goal is to establish a presence on the World Wide Web, which will accelerate the ability for shareholders and potential investors to access real-time information about us," stated Jay Budd, President and CEO of Golden Apple. "With the completion of each phase of our web development, we get closer to our desired posture, which is total disclosure as it happens," Budd went on to say.
The Company has plans to release information over the coming months on the findings of Geological and Geophysical surveys, in addition to the hiring of senior management and industry consultants.
Golden Apple Oil and Gas, Inc. Announces Acquisition of a New Property in Southern Quebec
PHOENIX, Nov. 8, 2005 (PRIMEZONE) -- In a release dated Nov. 7, 2005, under the same headline, the location of a recently acquired oil and gas property was incorrectly stated as being in Northern Quebec, Canada. The property in question is in Southern Quebec, Canada. The full corrected release follows:
The Board of Directors of Golden Apple Oil and Gas, Inc. (Golden Apple) (Pink Sheets:GAPJ) is pleased to announce the acquisition of a significant oil and gas property located in Southern Quebec, Canada.
The property consists of 17,976 hectares of land, issued under Quebec Cookshire permit no. 2003PG756. The asset is located at the South West corner of Longitude 45 Degrees, 21 minutes, Latitude 71 degrees, 46 minutes. In the coming weeks the Company will be on-site initiating its drilling program.
"Our goal is to establish commercial reserves from strategic positions in high potential exploration properties in order to create and deliver shareholder value," stated Jay Budd, President and CEO of Golden Apple. "In the implementation of this strategy, the Company focuses on material positions that are capable of providing significant growth through exploration."
About Golden Apple
Headquartered in Phoenix, Arizona, Golden Apple is an independent oil and gas producer with a focus on Northern Canadian properties. The Company applies advanced technologies to systematically explore and develop its oil and natural gas opportunities. Golden Apple focuses its activities where technology can be used effectively to maximize returns on invested capital by reducing drilling risk and enhancing its ability to cost-effectively grow reserves and production volumes.
The Company's common shares are listed on the Pink Sheets under the symbol GAPJ. The Company has 25 million shares currently outstanding.
This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.
CONTACT:
Golden Apple Oil and Gas, Inc
Jay Budd, President and CEO
(602) 438-4957
jay@goldenappleoil.com
