EEGC Oil Stock News, Northern Empire Beginning Drill Program on the Turin Prospect
CALGARY, Alberta, Sept. 14 /PRNewswire-FirstCall/ -- Northern Empire Energy Corp. ("the Company";
OTC Bulletin Board: NOEE Oil Stock News) is pleased to announce it is planning the
first well of a three well, fall/winter drilling campaign on the Turin
Prospect in southern Alberta, Canada.
The Company is
currently completing an Authorization for Expenditures ("AFE") and
expects the spud date on the first well within the next 30 to 45 days.
There is an inherent risk in an oil and gas exploration, and management
can offer no assurances that this drilling program will be successful.
About the Turin Prospect:
Northern
Empire has been granted an option with Maguire Resources Ltd. to earn a
45% interest in the Turin Project by incurring 100% of the drilling and
completion costs up to a five well drilling program. This is a
non-operating working interest and/or royalty owner participation
position in an oil and gas project, located in the Turin area of
south-east Alberta, Canada, specifically section 28, township 10, range
19 west of the 4th meridian.
There are several productive
and producing hydrocarbon zones in the area of interest including
(starting from the shallowest formation), the Milk River, Second White
Specks, Barons, Bow Island, Glauconite and the Lower Mannville
sandstones plus the Livingston Carbonate.
Included in
this release are "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934, as amended. Although the
company believes that the expectations reflected in such
forward-looking statements are reasonable, it can give no assurance
that such expectations reflected in such forward-looking statements
will prove to have been correct. The company's actual results could
differ materially from those anticipated in the forward-looking
statements.
