Message #15 From:
NewsBot Date: January 19, 2007 02:20:00 PM
TXLA News Texola Energy Reports on Its Maverick Springs Project, Nevada, USA
VANCOUVER, B.C.--(BUSINESS WIRE)--Texola Energy Corp. (‘Texola’
or the ‘Company’)
(OTCBB:TXLA) is currently working with Cedar Strat in reviewing the
two large anticline trend areas identified from data generated to date.
The primary focus is to assess its existing and additional acreage needs
going forward with a continued focus on any acreage within the trend
areas. In focusing its exploration efforts, the Company will be
cautiously trimming back on the leases that lie outside the anticline
trends. However, management is cautious in its lease assessments in that
should we make a discovery, even those leases could become very valuable.
In moving the project forward management is considering additional
transect mapping and/or seismic in order that it can greatly tighten up
the prospective prospect areas.
About Texola Energy Corp.
Texola is an emerging, growth oil and gas exploration company focused on
providing exceptional shareholder value and appreciation by finding,
exploring and developing large scale, early stage oil and gas projects
in North America.
To achieve this goal, the Company has recently undertaken various
exploration initiatives, one of which is an early stage exploration
prospect in Nevada, USA, and the second is located in Northern Alberta,
Canada. Both of these projects offer the Company the potential to
exploit and develop large, world-class reservoirs.
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, as amended, and
Section 21E of the United States Securities Exchange Act of 1934, as
amended. 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. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. These
forward-looking statements are made as of the date of this news release
and Texola assumes 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 Texola
believes that the beliefs, plans, expectations and intentions contained
in this press release are reasonable, there can be no assurance those
beliefs, plans, expectations, or intentions will prove to be accurate.
Investors should consider all of the information set forth herein and
should also refer to the risk factors disclosed in Texola’s
periodic reports filed from time-to-time with the Securities and
Exchange Commission and available at www.sec.gov.
